South Dakota Statutes
§ 58-17-112 — Promulgation of rules regarding disability income policies--Content.
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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South Dakota § 58-17-112 (Promulgation of rules regarding disability income policies--Content.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2001, ch 276, § 5.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.