S.D. Admin. R. 20:06:13:47

Current through Register Vol. 51, page 57, November 12, 2024

Section 20:06:13:47 - Insurance replaced by the same agent

If an agent replaces insurance originally placed by that agent, the insured shall be allowed to reinstate the replaced coverage if application is made within 30 days after the replaced policy lapses. The right to reinstate shall be made without evidence of insurability. The reinstated coverage may exclude payment for any injury or sickness starting after the policy lapsed and prior to reinstatement or for sickness starting within 10 days after reinstatement.

S.D. Admin. R. 20:06:13:47

8 SDR 174, effective 7/1/1982; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 39 SDR 219, effective 6/26/2013.

General Authority: SDCL 58-17A-2.

Law Implemented: SDCL 58-17A-2.