S.D. Admin. R. 67:12:05:09

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

Section 67:12:05:09 - Life insurance considered a resource

The cash value of life insurance policies shall be included as a liquid resource when determining the $1,000 resource limitation.

S.D. Admin. R. 67:12:05:09

SL 1975, ch 16, § 1; 2 SDR 24, effective 10/1/1975; 2 SDR 88, effective 7/1/1976; 7 SDR 23, effective 9/18/1980; 7 SDR 66, 7 SDR 89, effective 7/1/1981; 8 SDR 95, effective 2/18/1982.

General Authority: SDCL 28-7-2.

Law Implemented: SDCL 28-7-4.

Maximum resource limit, § 67:12:05:05; Need and amount of assistance, 45 C.F.R. § 233.20 (a)(3)(ii)(E).