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.