The amount of insurance under § 58-16-23 on the life of any debtor may at no time exceed the amount owed by him to the creditor. Source: SL 1966, ch 111 , ch 24, § 1 (2)(f); SL 1969, ch 138 ; SL 1987, ch 376 .
Amount of insurance on life of debtor limited
SDCL § 58-16-27 — under GROUP LIFE INSURANCE POLICIES.
SDCL § 58-16-27