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Rule 20:06:21:06.04 Cost-of-living adjustments -- Automatic increases -- Conspicuous offer of constant premium.

          20:06:21:06.04.  Cost-of-living adjustments -- Automatic increases -- Conspicuous offer of constant premium. An offer of inflation protection which provides for automatic benefit increases shall include an offer of a premium which the insurer expects to remain constant. The offer must disclose in a conspicuous manner that the premium may change in the future unless the premium is guaranteed to remain constant.

          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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