S.D. Admin. R. 20:06:21:06.02

Current through Register Vol. 51, page 67, December 16, 2024
Section 20:06:21:06.02 - Group cost-of-living adjustments - Exceptions

If the policy is issued to a group, the offer required in SDCL 58-17B-13 and 58-17B-13.1 and in § 20:06:21:06.01 shall be made to the group policyholder. However, if the policy is issued to a group as defined in SDCL 58-17B-2(4)(d), other than a continuing care retirement community, the offering shall be made to each proposed certificateholder.

S.D. Admin. R. 20:06:21:06.02

22 SDR 97, effective 12/18/1995.

General Authority: SDCL 58-17B-13.1.

Law Implemented: SDCL 58-17B-13.