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Rule 20:06:21:45 Records of rescissions -- Maintaining and filing records.

          20:06:21:45.  Records of rescissions -- Maintaining and filing records. Each insurer or other entity selling or issuing long-term care insurance benefits must maintain a record of all policy or certificate rescissions, both state and countrywide, except those which the insured voluntarily effectuated and must annually furnish this information to the director in the format prescribed in Appendix D at the end of this chapter.

          Source: 23 SDR 55, effective October 20, 1996.

          General Authority: SDCL 58-17B-4.

          Law Implemented: SDCL 58-17B-4, 58-17B-6.


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