ARSD 20:06:13:57

ARSD 20:06:13:57. Standards for marketing

Last amended: 1996Year: 2026Length: 143 wordsOfficial source

Cite as S.D. Admin. R. 20:06:13:57

Every issuer, health care service plan, or other entity marketing Medicare supplement insurance coverage in this state, directly or through its agents or representatives, shall: (1) Establish marketing procedures to assure that any comparison of policies or certificates by its agents or other representatives will be fair and accurate; (2) Establish marketing procedures to assure that excessive insurance is not sold or issued; (3) Display prominently by type, stamp, or other means on the first page of the outline of coverage and policy or certificate the following: "Notice to buyer: This policy may not cover all of your medical expenses"; (4) Inquire and otherwise make every effort to identify whether a prospective applicant, certificate holder, or enrollee for Medicare supplement insurance already has accident and sickness insurance and the types and amounts; and (5) Establish auditable procedures for verifying compliance with this section.
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