Rule 20:06:21:13 Continuation or conversion is mandatory -- Exceptions.
20:06:21:13. Continuation or conversion is mandatory --
Exceptions. Continuation of coverage or issuance of a converted policy is
mandatory, except as follows:
(1) Termination of group
coverage resulted from an individual's failure to make a required payment of
premium or contribution when due; or
(2) The terminating
coverage is replaced not later than 31 days after termination by group coverage
which is effective on the day following the termination of coverage and meets
the following requirements:
(a) The replacement
coverage provides benefits identical to or benefits determined by the director
to be substantially equivalent to or in excess of those provided by the
terminating coverage; and
(b) The premium for
the replacement coverage is calculated in a manner consistent with the
requirements of § 20:06:21:12.
22 SDR 97, effective December 18, 1995.
Authority: SDCL 58-17B-4.
Implemented: SDCL 58-17B-5.1.
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