ARSD 20:06:21:27
ARSD 20:06:21:27. Outline of coverage
Cite as S.D. Admin. R. 20:06:21:27
Insurers shall include the following information in or with the outline of coverage:
(1) A graphic comparison of the benefit levels of a policy that increases benefits over the policy period with a policy that does not increase benefits. The graphic comparison must show benefit levels over at least a 20-year period; and
(2) Any expected premium increases or additional premiums to pay for automatic or optional benefit increases.
An insurer may use a reasonable hypothetical or a graphic demonstration for the purposes of this disclosure.