<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.sab567ed9-de27-46b1-a061-b96c70078763Normal { 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.sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont-000000 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sab567ed9-de27-46b1-a061-b96c70078763000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont-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="sab567ed9-de27-46b1-a061-b96c70078763Normal"><span xml:space="preserve" class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont">    </span><span class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont-000000">20:06:21:39.  Disclosure of tax consequences.</span><span xml:space="preserve" class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont"> Life insurance policies which provide an accelerated benefit for long-term care must have a disclosure statement at the time of application for the policy or rider and at the time the accelerated benefit payment request is submitted that receipt of these accelerated benefits may be taxable and that assistance should be sought from a personal tax advisor. The disclosure statement must be prominently displayed on the first page of the policy or rider and any other related documents.</span></p><p dir="ltr" class="sab567ed9-de27-46b1-a061-b96c70078763Normal"><span xml:space="preserve" class="sab567ed9-de27-46b1-a061-b96c70078763000001"> </span></p><p dir="ltr" class="sab567ed9-de27-46b1-a061-b96c70078763Normal"><span xml:space="preserve" class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont">    </span><span class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont-000000">Source:</span><span xml:space="preserve" class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont"> 23 SDR 55, effective </span><span class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont">October 20, 1996.</span></p><p dir="ltr" class="sab567ed9-de27-46b1-a061-b96c70078763Normal"><span xml:space="preserve" class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont">    </span><span class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont-000000">General Authority:</span><span xml:space="preserve" class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-4"><span class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont-000002">58-17B-4</span></a><span class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont">.</span></p><p dir="ltr" class="sab567ed9-de27-46b1-a061-b96c70078763Normal"><span xml:space="preserve" class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont">    </span><span class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont-000000">Law Implemented:</span><span xml:space="preserve" class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-4"><span class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont-000002">58-17B-4</span></a><span xml:space="preserve" class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-10"><span class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont-000002">58-17B-10</span></a><span class="sab567ed9-de27-46b1-a061-b96c70078763DefaultParagraphFont">.</span></p><p dir="ltr" class="sab567ed9-de27-46b1-a061-b96c70078763Normal"><span xml:space="preserve" class="sab567ed9-de27-46b1-a061-b96c70078763000001"> </span></p></div></body></html>