<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.sc926d748-14a4-4318-b0c4-44c440a9b10bNormal { 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.sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont-000000 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sc926d748-14a4-4318-b0c4-44c440a9b10b000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont-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="sc926d748-14a4-4318-b0c4-44c440a9b10bNormal"><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont">    </span><span class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont-000000">20:06:21:48.  Monthly report to policyholder.</span><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont"> If a long-term care benefit funded through a life insurance vehicle by the acceleration of the death benefit is in benefit payment status, the insurer must provide a monthly report to the policyholder. The report must include:</span></p><p dir="ltr" class="sc926d748-14a4-4318-b0c4-44c440a9b10bNormal"><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10b000001"> </span></p><p dir="ltr" class="sc926d748-14a4-4318-b0c4-44c440a9b10bNormal"><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont">    (1)  Any long-term care benefits paid out during the month;</span></p><p dir="ltr" class="sc926d748-14a4-4318-b0c4-44c440a9b10bNormal"><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont">    (2)  An explanation of any changes in the policy, e.g., death benefits or cash values, caused by long-term care benefits being paid out; and</span></p><p dir="ltr" class="sc926d748-14a4-4318-b0c4-44c440a9b10bNormal"><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont">    (3)  The amount of long-term care benefits existing or remaining.</span></p><p dir="ltr" class="sc926d748-14a4-4318-b0c4-44c440a9b10bNormal"><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10b000001"> </span></p><p dir="ltr" class="sc926d748-14a4-4318-b0c4-44c440a9b10bNormal"><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont">    </span><span class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont-000000">Source:</span><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont"> 23 SDR 55, effective </span><span class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont">October 20, 1996.</span></p><p dir="ltr" class="sc926d748-14a4-4318-b0c4-44c440a9b10bNormal"><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont">    </span><span class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont-000000">General Authority:</span><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-4"><span class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont-000002">58-17B-4</span></a><span class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont">.</span></p><p dir="ltr" class="sc926d748-14a4-4318-b0c4-44c440a9b10bNormal"><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont">    </span><span class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont-000000">Law Implemented:</span><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-4"><span class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont-000002">58-17B-4</span></a><span class="sc926d748-14a4-4318-b0c4-44c440a9b10bDefaultParagraphFont">.</span></p><p dir="ltr" class="sc926d748-14a4-4318-b0c4-44c440a9b10bNormal"><span xml:space="preserve" class="sc926d748-14a4-4318-b0c4-44c440a9b10b000001"> </span></p></div></body></html>