20:06:10:08.01. Health insurance advertisement rate disclosures. Unless the disclosure as required by § 20:06:10:08.02 is provided, no individual or group health insurance policy or certificate may in its advertisements or solicitations include statements that directly or indirectly indicate that:
(1) Premiums or rates do not increase with age;
(2) Premiums or rates do not increase because of health conditions; or
(3) An insured will not be singled out for a rate or premium increase.
Policies for which no rate increase may be applied for any reason are exempt from the provisions of this section.
Source: 32 SDR 128, effective January 29, 2006; 38 SDR 116, effective January 10, 2012.
General Authority: SDCL 58-33A-7.
Law Implemented: SDCL 58-33-5, 58-33-6, 58-33A-2, 58-33A-8.
Back to 20:06:10