ARSD 20:06:21:21
ARSD 20:06:21:21. Lapse or termination for payment through payroll or pension deduction plan
Cite as S.D. Admin. R. 20:06:21:21
If the policyholder or certificateholder pays the premium for a long-term care insurance policy or certificate through a payroll or pension deduction plan, the requirements contained in ยง 20:06:21:20 need not be met until 60 days after the policyholder or certificateholder is no longer on such a payment plan. The application or enrollment form for the policies or certificates shall clearly indicate the payment plan selected by the applicant.