58-15-2. Industrial life insurance defined.For the purpose of this title 'industrial life insurance' is that form of life insurance written under policies of face amount of one thousand dollars or less bearing the words 'industrial policy' imprinted on the face thereof as part of the descriptive matter, and under which premiums are payable monthly or more often. Source: SL 1966, ch 111, ch 23, §2.
South Dakota Legal Code