S.D. Admin. R. 20:06:10:08.01

Current through Register Vol. 50, page 159, June 17, 2024

Section 20:06:10:08.01 - Health insurance advertisement or solicitation rate disclosures

Unless the disclosure as required by § 20:06:10:08.02 is provided, no individual or group health insurance policy or certificate may in its advertisements or solicitations include statements that directly or indirectly indicate that:

(1) Premiums or rates do not increase with age;

(2) Premiums or rates do not increase because of health conditions; or

(3) An insured will not be singled out for a rate or premium increase.

Policies for which no rate increase may be applied for any reason are exempt from the provisions of this section.

S.D. Admin. R. 20:06:10:08.01

32 SDR 128, effective 1/29/2006; 38 SDR 116, effective 1/10/2012.

General Authority: SDCL 58-33A-7.

Law Implemented: SDCL 58-33-5, 58-33-6, 58-33A-2, 58-33A-8.