South Dakota Seal
Site Search:
Bill Quickfind:  


Download Section in Microsoft Word FormatPrinter Friendly
Rule 20:06:06:04 Credit health insurance -- Acceptable rates.

          20:06:06:04.  Credit health insurance -- Acceptable rates. The acceptable rates for credit health insurance are as follows:

          (1)  The following table gives the single premium rates for each per $100 of initial insured indebtedness:

No. of months

Nonretroactive

Benefits

Retroactive

Benefits

in which

14-day

30-day

14-day

30-day

indebtedness

nonretroactive

nonretroactive

retroactive

retroactive

is repayable

 

 

 

 

 

 

 

 

 

6 or less

$   .88

$   .34

$1.60

$1.15

        7-9

1.06

.52

1.78

1.33

    10-12

1.24

.70

1.96

1.51

    13-15

1.42

.88

2.14

1.69

    16-18

1.60

1.06

2.32

1.87

    19-21

1.78

1.24

2.50

2.05

    22-24

1.96

1.42

2.68

2.23

    25-27

2.14

1.60

2.86

2.41

    28-30

2.32

1.78

3.04

2.59

    31-33

2.50

1.96

3.22

2.77

    34-36

2.68

2.14

3.40

2.95

    37-39

2.79

2.25

3.51

3.06

    40-42

2.91

2.37

3.63

3.18

    43-45

3.01

2.47

3.73

3.28

    46-48

3.13

2.59

3.85

3.40

    49-51

3.22

2.68

3.94

3.49

    52-54

3.31

2.77

4.03

3.58

    55-57

3.40

2.86

4.12

3.67

    58-60

3.49

2.95

4.21

3.76

    61-63

3.58

3.04

4.30

3.85

    64-66

3.67

3.13

4.39

3.94

    67-69

3.76

3.22

4.48

4.03

    70-72

3.85

3.31

4.57

4.12

    73-75

3.94

3.40

4.66

4.21

    76-78

4.03

3.49

4.75

4.30

    79-81

4.12

3.58

4.84

4.39

    82-84

4.21

3.67

4.93

4.48

    85-87

4.30

3.76

5.02

4.57

    88-90

4.39

3.85

5.11

4.66

    91-93

4.48

3.94

5.20

4.75

    94-96

4.57

4.03

5.29

4.84

    97-99

4.66

4.12

5.38

4.93

100-102

4.75

4.21

5.47

5.02

103-105

4.84

4.30

5.56

5.11

106-108

4.93

4.39

5.65

5.20

109-111

5.02

4.48

5.74

5.29

112-114

5.11

4.57

5.83

5.38

115-117

5.20

4.66

5.92

5.47

118-120

5.29

4.75

6.01

5.56

          (2)  Premiums payable other than on a single premium basis or for benefits on a basis different than illustrated above shall be actuarially consistent with the rates specified above.

          Source: 5 SDR 91, effective April 25, 1979; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 26 SDR 150, adopted May 21, 2000, effective July 1, 2000.

          General Authority: SDCL 58-19-34.

          Law Implemented: SDCL 58-19-26.


Back to 20:06:06 | 20:06:06:04 RSS
^ Back to Top