20:06:21:06.02. Group cost-of-living adjustments -- Exceptions. If the policy is issued to a group, the offer required in SDCL 58-17B-13 and 58-17B-13.1 and in § 20:06:21:06.01 shall be made to the group policyholder. However, if the policy is issued to a group as defined in SDCL 58-17B-2(4)(d), other than a continuing care retirement community, the offering shall be made to each proposed certificateholder.
Source: 22 SDR 97, effective December 18, 1995.
General Authority: SDCL 58-17B-13.1.
Law Implemented: SDCL 58-17B-13.
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