S.D. Admin. R. 20:06:21:42

Current through Register Vol. 50, page 159, June 17, 2024
Section 20:06:21:42 - Policies - Notice about incorrect answers on applications

Except for policies or certificates which are guaranteed issue, the following language must be set out conspicuously on the long-term care insurance policy or certificate:

Caution: The issuance of this long-term care insurance [policy[ [certificate[ is based upon your response to the questions on your application. A copy of your [application] [enrollment form] [is enclosed] [was retained by you when you applied]. If your answers are incorrect or untrue, the company has the right to deny benefits or rescind your policy. The best time to clear up any questions is now, before a claim arises! If, for any reason, any of your answers are incorrect, contact the company at this address: [insert address].

S.D. Admin. R. 20:06:21:42

23 SDR 55, effective 10/20/1996.

General Authority: SDCL 58-17B-4.

Law Implemented: SDCL 58-17B-4, 58-17B-6.