§ 20:06:13:60

ARSD 20:06:13:60

Cancellation or nonrenewal of policies.

Effective Jul 1, 201036 SDR 209Source: 16 SDR 174, effective May 2, 1990; 18 SDR 225, effective July 17, 1992; 36 SDR 209, effective July 1, 2010. | General Authority: SDCL 58-17A-2. | Law Implemented: SDCL 58-17A-2.

Except as authorized by the director, an issuer may not cancel or refuse to renew a Medicare supplement policy or certificate for any reason other than nonpayment of premium or material misrepresentation. Each Medicare supplement policy must be guaranteed renewable.

Source: 16 SDR 174, effective May 2, 1990; 18 SDR 225, effective July 17, 1992; 36 SDR 209, effective July 1, 2010.

General Authority: SDCL 58-17A-2.

Law Implemented: SDCL 58-17A-2.