S.D. Admin. R. 20:06:21:06.04

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

Section 20:06:21:06.04 - Cost-of-living adjustments - Automatic increases - Conspicuous offer of constant premium

An offer of inflation protection which provides for automatic benefit increases shall include an offer of a premium which the insurer expects to remain constant. The offer must disclose in a conspicuous manner that the premium may change in the future unless the premium is guaranteed to remain constant.

S.D. Admin. R. 20:06:21:06.04

22 SDR 97, effective 12/18/1995.

General Authority: SDCL 58-17B-13.1.

Law Implemented: SDCL 58-17B-13.