Section 58-16-27 - Amount of insurance on life of debtor limited.
58-16-27. Amount of insurance on life of debtor limited. 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.