S.D. Codified Laws § 58-17-43 (2026)
The word "insured," as used in this chapter, shall not be construed as preventing a person other than the insured with a proper insurable interest from making application for and owning a policy covering the insured or from being entitled under such a policy to any indemnities, benefits, and rights provided therein.
Source: SL 1966, ch 111 , ch 25, § 25.