South Dakota § 58-17A-14 Requirements for replacement of policy.

South Dakota Statutes

§ 58-17A-14 — Requirements for replacement of policy.

South Dakota·Title 58 INSURANCE·Ch. 58-17A MEDICARE SUPPLEMENT POLICIES

An issuer replaces a medicare supplement policy if:

(1)The issuer discontinues or does not renew a medicare supplement policy and offers an alternative medicare supplement policy to its insured; or (2) The newer policy has an effective date which coincides with or which is within thirty days after the date the older policy covering that same insured discontinued. An issuer does not violate medicare supplement replacement requirements unless that issuer or its representative knew or reasonably should have known of the older policy.

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An issuer replaces a medicare supplement policy if: (1) The issuer discontinues or does not renew a medicare supplement policy and offers an alternative medicare supplement policy to its insured; or (2) The newer policy has an effective date which coincides with or which is within thirty days after the date the older policy covering that same insured discontinued. An issuer does not violate medicare supplement replacement requirements unless that issuer or its representative knew or reasonably should have known of the older policy.

South Dakota § 58-17A-14 (Requirements for replacement of policy.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.