58-17-78. Required disclosure when offering individual health benefit plan.

In connection with the offering for sale of any individual health benefit plan to a person, a carrier shall make a reasonable disclosure, as part of its solicitation and sales materials, of:

(1)    The extent to which premium rates for a specified person are established or adjusted based upon age and gender;

(2)    The provisions of the individual health benefit plan concerning the carrier's right to change premium rates and the factors that affect changes in premium rates;

(3)    The provisions relating to renewability of policies and contracts; and

(4)    The provisions relating to any preexisting condition provision.

Source: SL 1996, ch 286, § 13.