ARSD 20:06:21:06.04

ARSD 20:06:21:06.04. Cost-of-living adjustments -- Automatic increases -- Conspicuous offer of constant premium

Last amended: 1995Year: 2026Length: 49 wordsOfficial source

Cite as S.D. Admin. R. 20:06:21:06.04

An offer of inflation protection which provides for automatic benefit increases shall include an offer of a premium which the insurer expects to remain constant. The offer must disclose in a conspicuous manner that the premium may change in the future unless the premium is guaranteed to remain constant.
ARSD 20:06:21:06.04: ARSD 20:06:21:06.04. Cost-of-living adjustments -- Automatic increases -- Conspicuous offer of constant premium | Justis AI