South Dakota § 58-17-112 Promulgation of rules regarding disability income policies--Content.

South Dakota Statutes

§ 58-17-112 — Promulgation of rules regarding disability income policies--Content.

South Dakota § 58-17-112

Title 58INSURANCE

Ch. 58-13HEALTH INSURANCE POLICIES

This text of South Dakota § 58-17-112 (Promulgation of rules regarding disability income policies--Content.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-17-112 (2026).

Text

The director may promulgate rules pursuant to chapter 1-26 to protect the insurance - buying public with regard to disability income policies. However, the director shall take into account the effect any such rule may have on the availability of coverage. The rules may include:

(1)Definition of terms;

(2)Permissible exclusions;

(3)Return of premium provisions;

(4)Terms of renewability;

(5)Disclosure requirements;

(6)Benefit triggers, if such rules permit the use of activities of daily living as an acceptable benefit trigger; and (7) Limitations, exceptions, and reductions.

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The director may promulgate rules pursuant to chapter 1-26 to protect the insurance - buying public with regard to disability income policies. However, the director shall take into account the effect any such rule may have on the availability of coverage. The rules may include: (1) Definition of terms; (2) Permissible exclusions; (3) Return of premium provisions; (4) Terms of renewability; (5) Disclosure requirements; (6) Benefit triggers, if such rules permit the use of activities of daily living as an acceptable benefit trigger; and (7) Limitations, exceptions, and reductions.