Rule 20:06:21:19 Premium increase prohibitions.
increase prohibitions. The premiums charged to an insured for long-term
care insurance may not increase due to either the increasing age of the insured
at ages beyond 65 or the duration the insured has been covered under the
(1) The purchase of
additional coverage may not be considered a premium rate increase, but for
purposes of the calculation required under � 20:06:21:58, the portion of
the premium attributable to the additional coverage shall be added to and
considered part of the initial annual premium.
(2) A reduction in benefits
may not be considered a premium change, but for purpose of the calculation
required under � 20:06:21:58, the initial annual premium shall be based on the
22 SDR 97, effective December 18, 1995; 28 SDR 157, effective May 18, 2002.
Authority: SDCL 58-17B-4.
Implemented: SDCL 58-17B-1, 58-17B-4.
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