§ 20:06:13:45

ARSD 20:06:13:45

Refund in replacement situations.

Effective Jun 26, 201339 SDR 219Source: 8 SDR 174, effective July 1, 1982; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 39 SDR 219, effective June 26, 2013. | General Authority: SDCL 58-17A-2. | Law Implemented: SDCL 58-17A-2.

An insurer issuing a Medicare supplement policy replacing a Medicare supplement policy shall allow for a full refund of premium if the refund is requested within 30 days after the insured receives the policy.

Source: 8 SDR 174, effective July 1, 1982; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 39 SDR 219, effective June 26, 2013.

General Authority: SDCL 58-17A-2.

Law Implemented: SDCL 58-17A-2.