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Rule 20:06:21:06.02 Group cost-of-living adjustments -- Exceptions.

          20:06:21:06.02.  Group cost-of-living adjustments -- Exceptions. If the policy is issued to a group, the offer required in SDCL 58-17B-13 and 58-17B-13.1 and in ยง 20:06:21:06.01 shall be made to the group policyholder. However, if the policy is issued to a group as defined in SDCL 58-17B-2(4)(d), other than a continuing care retirement community, the offering shall be made to each proposed certificateholder.

          Source: 22 SDR 97, effective December 18, 1995.

          General Authority: SDCL 58-17B-13.1.

          Law Implemented: SDCL 58-17B-13.


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