If premiums are to be determined according to the age of the insured debtor or by age brackets, an insurer may determine premium rates on a basis actuarially consistent with the rates set forth in § 20:06:06:03, but the rates shall be filed with and approved by the director.

Source: 5 SDR 91, effective April 25, 1979; 12 SDR 151, 12 SDR 155, effective July 1, 1986.

General Authority: SDCL 58-19-34.

Law Implemented: SDCL 58-19-26.