Rule 20:06:13:22.07 New or innovative benefits -- Policy or certificate form allowed -- Exceptions -- Issued after May 31, 2010.
20:06:13:22.07. New or innovative benefits -- Policy or
certificate form allowed -- Exceptions -- Issued after May 31, 2010. An
issuer may, with the prior approval of the director, offer policies or
certificates with new or innovative benefits in addition to the standardized
benefits provided in a policy or certificate that otherwise complies with the
applicable standards. Such new or innovative benefits shall include only
benefits that are applicable to Medicare supplement insurance, are new or
innovative, are not otherwise available, and are cost-effective. Approval of
new or innovative benefits shall not adversely impact the goal of Medicare
supplement simplification. New or innovative benefits shall not include an
outpatient prescription drug benefit. New or innovative benefits shall not be
used to change or reduce benefits, including a change of any cost-sharing
provision, in any standardized plan.
35 SDR 183, effective February 2, 2009.
Authority: SDCL 58-4-1, 58-17A-2, 58-17A-5.
Implemented: SDCL 58-17A-2, 58-17A-5.
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