South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:06 - INSURANCE
Chapter 20:06:13 - Medicare supplement insurance
Section 20:06:13:57 - Standards for marketing
Current through Register Vol. 50, page 114, March 25, 2024
Every issuer, health care service plan, or other entity marketing Medicare supplement insurance coverage in this state, directly or through its agents or representatives, shall:
(1) Establish marketing procedures to assure that any comparison of policies or certificates by its agents or other representatives will be fair and accurate;
(2) Establish marketing procedures to assure that excessive insurance is not sold or issued;
(3) Display prominently by type, stamp, or other means on the first page of the outline of coverage and policy or certificate the following:
"Notice to buyer: This policy may not cover all of your medical expenses";
(4) Inquire and otherwise make every effort to identify whether a prospective applicant, certificate holder, or enrollee for Medicare supplement insurance already has accident and sickness insurance and the types and amounts; and
(5) Establish auditable procedures for verifying compliance with this section.
General Authority: SDCL 58-4-1, 58-17A-2.
Law Implemented: SDCL 58-17A-2, 58-17A-7.
