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Rule 20:06:21:06.05 Cost-of-living adjustments -- Rejection by policyholder.

          20:06:21:06.05.  Cost-of-living adjustments -- Rejection by policyholder. Inflation protection as provided in ยงยง 20:06:21:06 to 20:06:21:06.04, inclusive, shall be included in a long-term care insurance policy unless an insurer obtains a rejection of inflation protection signed by the policyholder. The rejection shall be considered a part of the application and shall state: "I have reviewed the outline of coverage and the graphs that compare the benefits and premiums of this policy with and without inflation protection. Specifically, I have reviewed Plans (identify the plans) and I reject inflation protection."

          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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