<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.sd51eebac-e64d-45bd-8cf6-65850ffc0139P0 { margin-top: 0; margin-bottom: 0; margin-left: 0; margin-right: 0; text-indent: 0.00in; text-align: justify; background: white; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; } span.sd51eebac-e64d-45bd-8cf6-65850ffc0139C0 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd51eebac-e64d-45bd-8cf6-65850ffc0139C0-000000 { color: #0000FF; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd51eebac-e64d-45bd-8cf6-65850ffc0139C0-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd51eebac-e64d-45bd-8cf6-65850ffc0139C0-000002 { color: #0000FF; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd51eebac-e64d-45bd-8cf6-65850ffc0139000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139P0"><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">    </span><a href="https://sdlegislature.gov/Rules?Rule=20:06:21:76"><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0-000000">20:06:21:76</span></a><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0-000001">.  Long-term care partnership policies -- Inflation protection requirements.</span><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0"> An insurer may not issue a policy intended to qualify as a partnership policy unless in addition to the requirements of §§ </span><a href="https://sdlegislature.gov/Rules?Rule=20:06:21:06"><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0-000002">20:06:21:06</span></a><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0"> to </span><a href="https://sdlegislature.gov/Rules?Rule=20:06:21:06.05"><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0-000002">20:06:21:06.05</span></a><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">, inclusive, the policy includes the following inflation protection:</span></p><p dir="ltr" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139P0"><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139000003"> </span></p><p dir="ltr" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139P0"><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">    (1)  For a person who is less than 61 years of age as of the date of purchase, the policy provides compound annual inflation protection; and</span></p><p dir="ltr" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139P0"><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139000003"> </span></p><p dir="ltr" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139P0"><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">    (2)  For a person who is at least 61 years of age but less than 76 years of age, the policy provides some level of inflation protection that may not be less than </span><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">one</span><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0"> percent per year or a rate equal to the Consumer Price Index.</span></p><p dir="ltr" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139P0"><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139000003"> </span></p><p dir="ltr" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139P0"><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">    Inflation protection as required by this section may not be less than </span><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">one</span><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0"> percent per year or a rate equal to the Consumer Price Index. For any person who has attained the age of 76, inflation protection may be provided but is not required.</span></p><p dir="ltr" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139P0"><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139000003"> </span></p><p dir="ltr" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139P0"><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">    </span><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0-000001">Source:</span><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0"> 33 SDR 230, effective July 2, 2007; 34 SDR 88, effective September 10, 2007</span><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">; 44 SDR 184, effective June 25, 2018</span><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">.</span></p><p dir="ltr" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139P0"><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">    </span><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0-000001">General Authority:</span><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-4"><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0-000002">58-17B-4</span></a><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">.</span></p><p dir="ltr" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139P0"><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">    </span><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0-000001">Law Implemented:</span><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=28-6-38"><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0-000002">28-6-38</span></a><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">(6)</span><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">, </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-4"><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0-000002">58-17B-4</span></a><span class="sd51eebac-e64d-45bd-8cf6-65850ffc0139C0">.</span></p><p dir="ltr" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139P0"><span xml:space="preserve" class="sd51eebac-e64d-45bd-8cf6-65850ffc0139000003"> </span></p></div></body></html>