S.D. Admin. R. 20:06:06:04

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:06:06:04 - Credit health insurance - Acceptable rates

The acceptable rates for credit health insurance are as follows:

(1) The following table gives the single premium rates for each per $100 of initial insured indebtedness:

No. of months	Nonretroactive	Benefits	Retroactive	Benefits
in which	14-day	30-day	14-day	30-day
indebtedness	Nonretroactive	nonretroactive	Retroactive	retroactive
is repayable
6 or less	$ .88	$ .34	$1.60	$1.15
7-9	1.06	.52	1.78	1.33
10-12	1.24	.70	1.96	1.51
13-15	1.42	.88	2.14	1.69
16-18	1.60	1.06	2.32	1.87
19-21	1.78	1.24	2.50	2.05
22-24	1.96	1.42	2.68	2.23
25-27	2.14	1.60	2.86	2.41
28-30	2.32	1.78	3.04	2.59
31-33	2.50	1.96	3.22	2.77
34-36	2.68	2.14	3.40	2.95
37-39	2.79	2.25	3.51	3.06
40-42	2.91	2.37	3.63	3.18
43-45	3.01	2.47	3.73	3.28
46-48	3.13	2.59	3.85	3.40
49-51	3.22	2.68	3.94	3.49
52-54	3.31	2.77	4.03	3.58
55-57	3.40	2.86	4.12	3.67
58-60	3.49	2.95	4.21	3.76
61-63	3.58	3.04	4.30	3.85
64-66	3.67	3.13	4.39	3.94
67-69	3.76	3.22	4.48	4.03
70-72	3.85	3.31	4.57	4.12
73-75	3.94	3.40	4.66	4.21
76-78	4.03	3.49	4.75	4.30
79-81	4.12	3.58	4.84	4.39
82-84	4.21	3.67	4.93	4.48
85-87	4.30	3.76	5.02	4.57
88-90	4.39	3.85	5.11	4.66
91-93	4.48	3.94	5.20	4.75
94-96	4.57	4.03	5.29	4.84
97-99	4.66	4.12	5.38	4.93
100-102	4.75	4.21	5.47	5.02
103-105	4.84	4.30	5.56	5.11
106-108	4.93	4.39	5.65	5.20
109-111	5.02	4.48	5.74	5.29
112-114	5.11	4.57	5.83	5.38
115-117	5.20	4.66	5.92	5.47
118-120	5.29	4.75	6.01	5.56

(2) Premiums payable other than on a single premium basis or for benefits on a basis different than illustrated above shall be actuarially consistent with the rates specified above.

S.D. Admin. R. 20:06:06:04

5 SDR 91, effective 4/25/1979; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 26 SDR 150, adopted May 21, 2000, effective 7/1/2000.

General Authority: SDCL 58-19-34.

Law Implemented: SDCL 58-19-26.