58-18-7.13 Premium for conversion policy and continuation policy.
Premium for conversion policy and continuation policy.
The premium for the
conversion policy shall be determined in accordance with the insurer's table of premium rates
applicable to the age and class of risk for each person to be covered under that policy and to the type
and amount of insurance provided. The premium for a continuation policy may not be greater than
one hundred two percent of the group rate under which a person is covered. For any month after the
eighteenth month, the premium amount may not exceed one hundred fifty percent of the applicable
Source: SL 1984, ch 326, § 9; SL 1987, ch 378, § 1; SL 1988, ch 400, § 3; SL 1989, ch 433, § 11;
SL 2001, ch 280, § 14.