<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.sed143740-68af-468c-8864-29fb9067aaaeNormal { 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.sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000000 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000001 { color: #0000FF; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.sed143740-68af-468c-8864-29fb9067aaae000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    </span><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000000">20:06:21:05.  Loss ratios.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont"> This section applies to all long-term care insurance policies or certificates except those covered under § </span><a href="https://sdlegislature.gov/Rules?Rule=20:06:21:61"><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000001">20:06:21:61</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont"> and §§ </span><a href="https://sdlegislature.gov/Rules?Rule=20:06:21:63"><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000001">20:06:21:63</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Rules?Rule=20:06:21:69"><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000001">20:06:21:69</span></a><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaae000002"> </span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    A long-term care insurance policy sold in this state shall meet or exceed the minimum loss ratio. The minimum loss ratio for an individual policy is 60 percent. The minimum loss ratio for a group policy is 65 percent. Long-term care insurance coverage sold through the mail or mass media advertising is considered an individual policy and not a group policy. The loss ratio shall be calculated based on earned premium and incurred loss in the aggregate. The premium shall be designed to develop at least the minimum loss ratio over the lifetime of the policy. An anticipated loss ratio shall be based on generally accepted actuarial principles and practices as published in the </span><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000000">Actuarial Standards of Practice</span><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">.</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaae000002"> </span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    All filings of rates and rating schedules shall demonstrate that actual and expected losses, in relation to premiums, comply with the requirements of this section.</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaae000002"> </span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    Loss ratio requirements do not apply to long-term care riders attached to or provisions included in life insurance policies.</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaae000002"> </span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    In evaluating the expected loss ratio, consideration shall be given to all relevant factors, including:</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaae000002"> </span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    (1)  Statistical credibility of incurred claims experience and earned premiums;</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    (2)  The period for which rates are computed to provide coverage;</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    (3)  Experienced and projected trends;</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    (4)  Concentration of experience within early policy duration;</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    (5)  Expected claim fluctuation;</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    (6)  Experience refunds, adjustments, or dividends;</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    (7)  Renewability features;</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    (8)  All appropriate expense factors;</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    (9)  Interest;</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    (10)  Experimental nature of the coverage;</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    (11)  Policy reserves;</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    (12)  Mix of business by risk classification; and</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    (13)  Product features such as long elimination periods, high deductibles, and high maximum limits.</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaae000002"> </span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    </span><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000000">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont"> 16 SDR 208, effective June 3, 1990; 22 SDR 106, effective February 18, 1996; 25 SDR 13, effective August 9, 1998; 26 SDR 26, effective September 1, 1999; 27 SDR 54, effective December 4, 2000; 28 SDR 157, effective May 19, 2002; 30 SDR 39, effective September 28, 2003.</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    </span><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000000">General Authority:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-8"><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000001">58-17B-8</span></a><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">.</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    </span><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000000">Law Implemented:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-8"><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000001">58-17B-8</span></a><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">.</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaae000002"> </span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">    </span><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000000">Reference:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont"> </span><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont-000000">Actuarial Standards of Practice</span><span style="white-space: pre-wrap;" class="sed143740-68af-468c-8864-29fb9067aaaeDefaultParagraphFont">, American Academy of Actuaries. Copies may be obtained free of charge on the website: http:/www.actuarialstandardsboard.org/asops.htm.</span></p><p dir="ltr" class="sed143740-68af-468c-8864-29fb9067aaaeNormal"><span style="white-space: pre-wrap;" xml:space="preserve" class="sed143740-68af-468c-8864-29fb9067aaae000002"> </span></p></div></body></html><br /><hr><br /><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.s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal { 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.s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont-000000 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s195cd01f-5dcc-4725-a8ef-1d935b81f965000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont-000002 { color: #0000FF; font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal-000003 { text-align: justify; font-family: Times; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } </style></head><body><div><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">    </span><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont-000000">20:06:21:05.01.  Relation of benefits to premium for accelerated death benefit on life insurance.</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont"> A life insurance policy that funds long-term care benefits entirely by accelerating the death benefit is considered to provide reasonable benefits in relation to premiums paid, if the policy complies with all of the following provisions:</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">    (1)  The interest credited internally to determine cash value accumulations, including long-term care, if any, are guaranteed not to be less than the minimum guaranteed interest rate for cash value accumulations without long-term care set forth in the policy;</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">    (2)  The portion of the policy that provides life insurance benefits meets the nonforfeiture requirements of SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-15-31"><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont-000002">58-15-31</span></a><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">;</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">    (3)  The policy meets the disclosure requirements of §§ </span><a href="https://sdlegislature.gov/Rules?Rule=20:06:21:44.01"><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont-000002">20:06:21:44.01</span></a><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">, </span><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">20:06:21:47, and </span><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">20:06:21:48;</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">    (4)  Any policy illustration that meets the applicable requirements of chapter </span><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">20:06:38; and</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">    (5)  An actuarial memorandum is filed with the Division of Insurance that includes:</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">        (a)  A description of the basis on which the long-term care rates were determined;</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">        (b)  A description of the basis for the reserves;</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">        (c)  A summary of the type of policy, benefits, renewability, general marketing method, and limits on ages of issuance;</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">        (d)  A description and a table of each actuarial assumption used. For expenses, an insurer must include percent of premium dollars per policy and dollars per unit of benefits, if any;</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">        (e)  A description and a table of the anticipated policy reserves and additional reserves to be held in each future year for active lives;</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">        (f)  The estimated average annual premium per policy and the average issue age;</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">        (g)  A statement as to whether underwriting is performed at the time of application. If underwriting is used the statement shall include a description of the type or types of underwriting used, such as medical underwriting or functional assessment underwriting. Concerning a group policy, the statement shall indicate whether the enrollee or any dependent will be underwritten and when underwriting occurs; and</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">        (h)  A description of the effect of the long-term policy provision on the required premiums, nonforfeiture values and reserves on the underlying life insurance policy, both for active lives and those in long-term care claim status.</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">    </span><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont-000000">Source:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont"> 28 SDR 157, effective </span><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">May 19, 2002.</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">    </span><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont-000000">General Authority:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-8"><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont-000002">58-17B-8</span></a><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">.</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal-000003"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">    </span><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont-000000">Law Implemented:</span><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont"> SDCL </span><a href="https://sdlegislature.gov/Statutes?Statute=58-17B-8"><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont-000002">58-17B-8</span></a><span style="white-space: pre-wrap;" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965DefaultParagraphFont">.</span></p><p dir="ltr" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965Normal"><span style="white-space: pre-wrap;" xml:space="preserve" class="s195cd01f-5dcc-4725-a8ef-1d935b81f965000001"> </span></p></div></body></html>