Rule 20:06:10:08 Necessity for disclosing policy provisions relating to renewability, cancelability, and termination.
20:06:10:08. Necessity
for disclosing policy provisions relating to renewability, cancelability, and
termination. When an advertisement or solicitation refers to either a
dollar amount or a period of time for which any benefit is payable, or the cost
of the policy, or specific policy benefit, or the loss for which such benefit
is payable, it shall disclose general policy exceptions, reductions, and
limitations, in a manner which does not minimize or render obscure the
qualifying conditions.
Source:
4 SDR 6, effective August 9, 1977; 12 SDR 151, 12 SDR 155, effective July 1,
1986; 27 SDR 54, effective December 4, 2000; 38 SDR 116, effective January 10,
2012.
General
Authority: SDCL 58-33A-7.
Law
Implemented: SDCL 58-33-5, 58-33-6, 58-33-7, 58-33A-8, 58-33A-10.
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