ARSD 20:06:06:05. Restricted coverages -- Rates

If a credit life or credit health insurance form provides for coverages which are more restrictive than provided for in § 20:06:06:03.01 or 20:06:06:04.02, the insurer shall demonstrate to the satisfaction of the director that the schedule of premium rates applicable to such forms will, or can reasonably be expected to, produce a loss ratio of 50 percent in accordance with the basic test set forth in § 20:06:06:01. In no event will an insurer limit pre-existing condition coverage to be more restrictive than that allowed in SDCL 58-17-97 or a suicide exclusion that is more restrictive than allowed in SDCL 58-15-45.