58-17A-15. Sale of second policy prohibited except as replacement--Liability of issuer.
No issuer or insurance producer may sell a medicare supplement policy to a person who has an existing, in force medicare supplement policy unless the issuer or insurance producer is replacing the existing coverage. However, no issuer is liable beyond a refund of premium for the duplication of such medicare supplement coverage when a statement, signed by the insured, is obtained from the insured verifying that no other medicare supplement coverage is then in effect.
Source: SL 1989, ch 432, §3; SL 1992, ch 347, §15; SL 2001, ch 286, §121.
Structure South Dakota Codified Laws
Chapter 17A - Medicare Supplement Policies
Section 58-17A-1 - Definition of terms.
Section 58-17A-2 - Regulations to establish specific standards for policy provisions.
Section 58-17A-3 - Preexisting conditions--Policy provisions.
Section 58-17A-3.1 - Preexisting conditions provision prohibited in replacement policy--Exception.
Section 58-17A-5 - Outline of coverage delivered at time of application for insurance.
Section 58-17A-6 - Informational brochures.
Section 58-17A-9 - Regulations subject to Administrative Procedures Act.
Section 58-17A-13 - Review of advertisements of issuers providing medicare supplement insurance.
Section 58-17A-14 - Requirements for replacement of policy.
Section 58-17A-15 - Sale of second policy prohibited except as replacement--Liability of issuer.
Section 58-17A-16 - Additional penalties for violation of title.
Section 58-17A-17 - Conditional or discriminatory policy or certificate prohibited.