If an agent replaces insurance originally placed by that agent, the insured shall be allowed to reinstate the replaced coverage if application is made within 30 days after the replaced policy lapses. The right to reinstate shall be made without evidence of insurability. The reinstated coverage may exclude payment for any injury or sickness starting after the policy lapsed and prior to reinstatement or for sickness starting within 10 days after reinstatement.

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.