<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.sa18ec699-386b-4ddd-a250-9e91b98d9190Normal { 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.sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont-000000 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sa18ec699-386b-4ddd-a250-9e91b98d9190000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont-000002 { color: #0000FF; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="sa18ec699-386b-4ddd-a250-9e91b98d9190Normal"><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont">    </span><span class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont-000000">20:06:21:19.  Premium increase prohibitions.</span><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont"> The premiums charged to an insured for long-term care insurance may not increase due to either the increasing age of the insured at ages beyond 65 or the duration the insured has been covered under the policy.</span></p><p dir="ltr" class="sa18ec699-386b-4ddd-a250-9e91b98d9190Normal"><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190000001"> </span></p><p dir="ltr" class="sa18ec699-386b-4ddd-a250-9e91b98d9190Normal"><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont">    (1)  The purchase of additional coverage may not be considered a premium rate increase, but for purposes of the calculation required under § </span><span class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont">20:06:21:58, the portion of the premium attributable to the additional coverage shall be added to and considered part of the initial annual premium.</span></p><p dir="ltr" class="sa18ec699-386b-4ddd-a250-9e91b98d9190Normal"><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190000001"> </span></p><p dir="ltr" class="sa18ec699-386b-4ddd-a250-9e91b98d9190Normal"><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont">    (2)  A reduction in benefits may not be considered a premium change, but for purpose of the calculation required under § </span><span class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont">20:06:21:58, the initial annual premium shall be based on the reduced benefits.</span></p><p dir="ltr" class="sa18ec699-386b-4ddd-a250-9e91b98d9190Normal"><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190000001"> </span></p><p dir="ltr" class="sa18ec699-386b-4ddd-a250-9e91b98d9190Normal"><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont">    </span><span class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont-000000">Source:</span><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont"> 22 SDR 97, effective </span><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont">December 18, 1995; 28 SDR 157, effective </span><span class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont">May 18, 2002.</span></p><p dir="ltr" class="sa18ec699-386b-4ddd-a250-9e91b98d9190Normal"><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont">    </span><span class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont-000000">General Authority:</span><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-4"><span class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont-000002">58-17B-4</span></a><span class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont">.</span></p><p dir="ltr" class="sa18ec699-386b-4ddd-a250-9e91b98d9190Normal"><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont">    </span><span class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont-000000">Law Implemented:</span><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-1"><span class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont-000002">58-17B-1</span></a><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-4"><span class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont-000002">58-17B-4</span></a><span class="sa18ec699-386b-4ddd-a250-9e91b98d9190DefaultParagraphFont">.</span></p><p dir="ltr" class="sa18ec699-386b-4ddd-a250-9e91b98d9190Normal"><span xml:space="preserve" class="sa18ec699-386b-4ddd-a250-9e91b98d9190000001"> </span></p></div></body></html>