Insurers shall include the following information in or with the outline of coverage:

1. (1) A graphic comparison of the benefit levels of a policy that increases benefits over the policy period with a policy that does not increase benefits. The graphic comparison must show benefit levels over at least a 20-year period; and

2. (2) Any expected premium increases or additional premiums to pay for automatic or optional benefit increases.

   An insurer may use a reasonable hypothetical or a graphic demonstration for the purposes of this disclosure.

Source: 22 SDR 97, effective December 18, 1995.

General Authority: SDCL 58-17B-4 .

Law Implemented: SDCL 58-17B-10 .