20:06:13:22.03. Filing and approval of policies and certificates
and of premium rates required. An issuer may not deliver or issue for
delivery a policy or certificate to a resident of this state unless the policy
form or certificate form has been filed with and approved by the director in
accordance with SDCL 58-17A-4, 58-17-4.1, 58-17-4.2, ARSD chapter 20:06:22 and this chapter.
An issuer may not use or change
premium rates for a Medicare supplement policy or certificate unless the rates,
rating schedule, and supporting documentation have been filed with and approved
by the director in accordance with the applicable provisions of SDCL 58-17A-4, 58-17-4.1, 58-17-4.2, ARSD chapter 20:06:22, and this chapter.
An issuer shall not present for filing
or approval a rate structure for its Medicare supplement policies or
certificates issued after January 1, 2006, based upon a structure or
methodology with any groupings of attained ages greater than one year. The
ratio between rates for successive ages shall increase smoothly as age
18 SDR 225, effective July 17, 1992; 31 SDR 214, effective July 6, 2005.
Authority: SDCL 58-4-1, 58-17A-2, 58-17A-5.
Implemented: SDCL 58-17A-2, 58-17A-5.