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S.D. Codified Laws § 58-17-78

Required disclosure when offering individual health benefit plan

Source: SL 1996, ch 286, § 13.

In connection with the offering for sale of any individual health benefit plan to a person, a carrier shall make a reasonable disclosure, as part of its solicitation and sales materials, of:

(1) The extent to which premium rates for a specified person are established or adjusted based upon age and gender;

(2) The provisions of the individual health benefit plan concerning the carrier's right to change premium rates and the factors that affect changes in premium rates;

(3) The provisions relating to renewability of policies and contracts; and

(4) The provisions relating to any preexisting condition provision.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.