58-17B-3. Minimum requirements for individual policy.
An individual policy delivered or issued for delivery may not contain provisions less favorable to the insured than "guaranteed renewable" for life.
Source: SL 1989, ch 440, ยง3.
Structure South Dakota Codified Laws
Chapter 17B - Standards For Long-Term Care Insurance
Section 58-17B-2 - Definition of terms.
Section 58-17B-3 - Minimum requirements for individual policy.
Section 58-17B-4 - Adoption of rules--Standards for disclosure.
Section 58-17B-5 - Grounds for termination and certain provisions prohibited.
Section 58-17B-5.1 - Replacement of policy--Waiver of time periods.
Section 58-17B-8 - Adoption of rules to establish loss ratio standards.
Section 58-17B-9 - Policyholder's right to return--Notice.
Section 58-17B-10 - Delivery of outline of coverage--Contents.
Section 58-17B-11 - Contents of certificate.
Section 58-17B-12 - Compliance with chapter prerequisite to advertisement, marketing, offer.
Section 58-17B-13 - Endorsement required--Cost-of-living adjustment not required.
Section 58-17B-13.1 - Establishment of standards and requirements for cost-of-living adjustment.