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