South Dakota Statutes

§ 58-17B-13 — Endorsement required--Cost

South Dakota·Title 58 INSURANCE·Ch. 58-17B STANDARDS FOR LONG-TERM CARE INSURANCE
Any long - term care policy offered for sale in this state shall offer as an endorsement an annual cost - of - living adjustment in daily benefits paid. Nothing in this section requires an insurer that offers a long - term care policy which pays benefits on an expense - incurred basis or which is a life insurance policy with long - term care benefits as a part of the life policy or a rider to the life policy to offer a cost - of - living adjustment.

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Legislative History

SL 1989, ch 440, § 14; SL 1990, ch 398, § 3.

Nearby Sections

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