S.D. Admin. R. 20:06:21:27

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

Section 20:06:21:27 - Outline of coverage

Insurers shall include the following information in or with the outline of coverage:

(1) A graphic comparison of the benefit levels of a policy that increases benefits over the policy period with a policy that does not increase benefits. The graphic comparison must show benefit levels over at least a 20-year period; and

(2) Any expected premium increases or additional premiums to pay for automatic or optional benefit increases.

An insurer may use a reasonable hypothetical or a graphic demonstration for the purposes of this disclosure.

S.D. Admin. R. 20:06:21:27

22 SDR 97, effective 12/18/1995.

General Authority: SDCL 58-17B-4.

Law Implemented: SDCL 58-17B-10.