Rule 20:06:21:42 Policies -- Notice about incorrect answers on applications.
20:06:21:42. Policies -- Notice about incorrect answers on
applications. Except for policies or certificates which are guaranteed
issue, the following language must be set out conspicuously on the long-term
care insurance policy or certificate:
Caution: The issuance of this long-term
care insurance [policy[ [certificate[ is based upon
your response to the questions on your application. A copy of your
[application] [enrollment form] [is enclosed] [was retained by you when you
applied]. If your answers are incorrect or untrue, the company has the right to
deny benefits or rescind your policy. The best time to clear up any questions
is now, before a claim arises! If, for any reason, any of your answers are
incorrect, contact the company at this address: [insert address].
23 SDR 55, effective October 20, 1996.
Authority: SDCL 58-17B-4.
Implemented: SDCL 58-17B-4, 58-17B-6.
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