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          20:06:13:60.  Cancellation or nonrenewal of policies. Except as authorized by the director, an issuer may not cancel or refuse to renew a Medicare supplement policy or certificate for any reason other than nonpayment of premium or material misrepresentation. Each Medicare supplement policy must be guaranteed renewable.

 

          Source: 16 SDR 174, effective May 2, 1990; 18 SDR 225, effective July 17, 1992; 36 SDR 209, effective July 1, 2010.

          General Authority: SDCL 58-17A-2.

          Law Implemented: SDCL 58-17A-2.

 


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