Rule 20:06:21:41 Applications -- Notice about incorrect answers.
20:06:21:41. Applications -- Notice about incorrect answers.
Except for policies or certificates which are guaranteed issue, the following
language must be set out conspicuously and in close conjunction with the
applicant's signature block on an application for a long-term care insurance
policy or certificate:
Caution: If your answers on this
application are incorrect or untrue, (company) has the right to deny benefits
or rescind your policy.
Source:
23 SDR 55, effective October 20, 1996.
General
Authority: SDCL 58-17B-4.
Law
Implemented: SDCL 58-17B-4, 58-17B-6.
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