Rule 20:06:39:32 Contract of more than six months -- Defined.
20:06:39:32. Contract of more than six months -- Defined.
The phrase, contract of more than six months duration, means any contract that
provides for renewal by the insured for a period beyond six months after the
inception date. The phrase does not include short-term major medical plan that
is nonrenewable.
Source: 30 SDR
39, effective September 28, 2003.
General Authority:
SDCL 58-17-87(4).
Law Implemented:
SDCL 58-17-66(9).
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