South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:06 - INSURANCE
Chapter 20:06:21 - Long-term care insurance
Section 20:06:21:70 - Premium rate schedule increases - Exceptional increases
Universal Citation: SD Admin Rules 20:06:21:70
Current through Register Vol. 50, page 114, March 25, 2024
Except as provided in §§ 20:06:21:63 to 20:06:21:69, inclusive, exceptional increases are subject to the same requirements as other premium rate schedule increases.
The director may request a review by an independent actuary or a professional actuarial body of the basis for a request that an increase be considered an exceptional increase.
The director, in determining that the necessary basis for an exceptional increase exists, shall also determine any potential offsets to higher claims costs.
General Authority: SDCL 58-17B-4.
Law Implemented: SDCL 58-17B-4.
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