Rule 20:06:21:21 Lapse or termination for payment through payroll or pension deduction plan.
20:06:21:21. Lapse or termination for payment through payroll
or pension deduction plan. If the policyholder or certificateholder
pays the premium for a long-term care insurance policy or certificate through a
payroll or pension deduction plan, the requirements contained in
§ 20:06:21:20 need not be met until 60 days after the policyholder or certificateholder is no longer on such a payment plan. The
application or enrollment form for the policies or certificates shall clearly
indicate the payment plan selected by the applicant.
22 SDR 97, effective December 18, 1995.
Authority: SDCL 58-17B-4.
Implemented: SDCL 58-17B-5.
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