<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><title></title><meta name="Generator" content="PowerTools for Open XML" /><style>p.sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal { 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.sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont-000000 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sd4089e42-41ee-4c2b-95b6-b8606186bb2e000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont-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="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont">    </span><span style="white-space: pre-wrap;" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont-000000">20:06:21:01.05.  Treatment of accelerated benefits in life insurance.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont"> Accelerated benefits payable under a life insurance contract:</span></p><p dir="ltr" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2e000001"> </span></p><p dir="ltr" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont">    (1)  To a policyowner or certificateholder, during the lifetime of the insured, in anticipation of death or upon the occurrence of specified life-threatening or catastrophic conditions as defined by the policy or rider; and</span></p><p dir="ltr" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2e000001"> </span></p><p dir="ltr" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont">    (2)  That reduce the death benefit otherwise payable under the life insurance contract; and</span></p><p dir="ltr" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2e000001"> </span></p><p dir="ltr" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont">    (3)  That are payable upon the occurrence of a single qualifying event that results in the payment of a benefit amount determined at the time of acceleration</span></p><p dir="ltr" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2e000001"> </span></p><p dir="ltr" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont">are not considered to be charging a separate premium pursuant to § </span><span style="white-space: pre-wrap;" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont">20:06:21:01.03.</span></p><p dir="ltr" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2e000001"> </span></p><p dir="ltr" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont">    </span><span style="white-space: pre-wrap;" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont-000000">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont"> 32 SDR 203, effective </span><span style="white-space: pre-wrap;" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont">June 5, 2006.</span></p><p dir="ltr" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont">    </span><span style="white-space: pre-wrap;" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont-000000">General Authority:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-4"><span style="white-space: pre-wrap;" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont-000002">58-17B-4</span></a><span style="white-space: pre-wrap;" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont">.</span></p><p dir="ltr" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont">    </span><span style="white-space: pre-wrap;" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont-000000">Law Implemented:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-2"><span style="white-space: pre-wrap;" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont-000002">58-17B-2</span></a><span style="white-space: pre-wrap;" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eDefaultParagraphFont">.</span></p><p dir="ltr" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2eNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sd4089e42-41ee-4c2b-95b6-b8606186bb2e000001"> </span></p></div></body></html>