<html> <head> <title>Rule 20:06:13:22.03 Filing and approval of policies and certificates and of premium rates required.</title> <META NAME="Keywords" Content="Administrative Rules 20:06:13:22.03"> <META NAME="Description" Content="Administrative Rules 20:06:13:22.03 Filing and approval of policies and certificates and of premium rates required."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:06:13:22.03.&nbsp;&nbsp;Filing and approval of policies and certificates and of premium rates required.</b> An issuer may not deliver or issue for delivery a policy or certificate to a resident of this state unless the policy form or certificate form has been filed with and approved by the director in accordance with SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-17A-4">58-17A-4</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-17-4.1">58-17-4.1</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-17-4.2">58-17-4.2</A>, ARSD chapter 20:06:22 and this chapter.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An issuer may not use or change premium rates for a Medicare supplement policy or certificate unless the rates, rating schedule, and supporting documentation have been filed with and approved by the director in accordance with the applicable provisions of SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-17A-4">58-17A-4</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-17-4.1">58-17-4.1</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-17-4.2">58-17-4.2</A>, ARSD chapter 20:06:22, and this chapter.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An issuer shall not present for filing or approval a rate structure for its Medicare supplement policies or certificates issued after January 1, 2006, based upon a structure or methodology with any groupings of attained ages greater than one year. The ratio between rates for successive ages shall increase smoothly as age increases.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 18 SDR 225, effective July 17, 1992; 31 SDR 214, effective July 6, 2005.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-4-1">58-4-1</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-17A-2">58-17A-2</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-17A-5">58-17A-5.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-17A-2">58-17A-2</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-17A-5">58-17A-5.</A></p> </div> </body> </html>