<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.sf107579b-bc1d-4a44-8f6e-7f6469f0c202Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont-000000 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont-000001 { color: #0000FF; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sf107579b-bc1d-4a44-8f6e-7f6469f0c202000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202Normal"><span xml:space="preserve" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont">    </span><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont-000000">20:06:21:06.02.  Group cost-of-living adjustments -- Exceptions.</span><span xml:space="preserve" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont"> If the policy is issued to a group, the offer required in SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-13"><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont-000001">58-17B-13</span></a><span xml:space="preserve" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-13.1"><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont-000001">58-17B-13.1</span></a><span xml:space="preserve" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont"> and in § </span><a href="https://sdlegislature.gov/Rules?Rule=20:06:21:06.01"><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont-000001">20:06:21:06.01</span></a><span xml:space="preserve" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont"> shall be made to the group policyholder. However, if the policy is issued to a group as defined in SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-2"><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont-000001">58-17B-2</span></a><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont">(4)(d), other than a continuing care retirement community, the offering shall be made to each proposed certificateholder.</span></p><p dir="ltr" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202Normal"><span xml:space="preserve" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202000002"> </span></p><p dir="ltr" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202Normal"><span xml:space="preserve" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont">    </span><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont-000000">Source:</span><span xml:space="preserve" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont"> 22 SDR 97, effective </span><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont">December 18, 1995.</span></p><p dir="ltr" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202Normal"><span xml:space="preserve" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont">    </span><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont-000000">General Authority:</span><span xml:space="preserve" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-13.1"><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont-000001">58-17B-13.1</span></a><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont">.</span></p><p dir="ltr" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202Normal"><span xml:space="preserve" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont">    </span><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont-000000">Law Implemented:</span><span xml:space="preserve" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-13"><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont-000001">58-17B-13</span></a><span class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202DefaultParagraphFont">.</span></p><p dir="ltr" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202Normal"><span xml:space="preserve" class="sf107579b-bc1d-4a44-8f6e-7f6469f0c202000002"> </span></p></div></body></html>