Rule 20:06:06:04 Credit health insurance -- Acceptable rates.
20:06:06:04. Credit health insurance -- Acceptable rates.
The acceptable rates for credit health insurance are as follows:
(1) The following table
gives the single premium rates for each per $100 of initial insured
indebtedness:
|
No. of months
|
Nonretroactive
|
Benefits
|
Retroactive
|
Benefits
|
|
in which
|
14-day
|
30-day
|
14-day
|
30-day
|
|
indebtedness
|
nonretroactive
|
nonretroactive
|
retroactive
|
retroactive
|
|
is repayable
|
|
|
|
|
|
|
|
|
|
|
|
6 or less
|
$ .88
|
$ .34
|
$1.60
|
$1.15
|
|
7-9
|
1.06
|
.52
|
1.78
|
1.33
|
|
10-12
|
1.24
|
.70
|
1.96
|
1.51
|
|
13-15
|
1.42
|
.88
|
2.14
|
1.69
|
|
16-18
|
1.60
|
1.06
|
2.32
|
1.87
|
|
19-21
|
1.78
|
1.24
|
2.50
|
2.05
|
|
22-24
|
1.96
|
1.42
|
2.68
|
2.23
|
|
25-27
|
2.14
|
1.60
|
2.86
|
2.41
|
|
28-30
|
2.32
|
1.78
|
3.04
|
2.59
|
|
31-33
|
2.50
|
1.96
|
3.22
|
2.77
|
|
34-36
|
2.68
|
2.14
|
3.40
|
2.95
|
|
37-39
|
2.79
|
2.25
|
3.51
|
3.06
|
|
40-42
|
2.91
|
2.37
|
3.63
|
3.18
|
|
43-45
|
3.01
|
2.47
|
3.73
|
3.28
|
|
46-48
|
3.13
|
2.59
|
3.85
|
3.40
|
|
49-51
|
3.22
|
2.68
|
3.94
|
3.49
|
|
52-54
|
3.31
|
2.77
|
4.03
|
3.58
|
|
55-57
|
3.40
|
2.86
|
4.12
|
3.67
|
|
58-60
|
3.49
|
2.95
|
4.21
|
3.76
|
|
61-63
|
3.58
|
3.04
|
4.30
|
3.85
|
|
64-66
|
3.67
|
3.13
|
4.39
|
3.94
|
|
67-69
|
3.76
|
3.22
|
4.48
|
4.03
|
|
70-72
|
3.85
|
3.31
|
4.57
|
4.12
|
|
73-75
|
3.94
|
3.40
|
4.66
|
4.21
|
|
76-78
|
4.03
|
3.49
|
4.75
|
4.30
|
|
79-81
|
4.12
|
3.58
|
4.84
|
4.39
|
|
82-84
|
4.21
|
3.67
|
4.93
|
4.48
|
|
85-87
|
4.30
|
3.76
|
5.02
|
4.57
|
|
88-90
|
4.39
|
3.85
|
5.11
|
4.66
|
|
91-93
|
4.48
|
3.94
|
5.20
|
4.75
|
|
94-96
|
4.57
|
4.03
|
5.29
|
4.84
|
|
97-99
|
4.66
|
4.12
|
5.38
|
4.93
|
|
100-102
|
4.75
|
4.21
|
5.47
|
5.02
|
|
103-105
|
4.84
|
4.30
|
5.56
|
5.11
|
|
106-108
|
4.93
|
4.39
|
5.65
|
5.20
|
|
109-111
|
5.02
|
4.48
|
5.74
|
5.29
|
|
112-114
|
5.11
|
4.57
|
5.83
|
5.38
|
|
115-117
|
5.20
|
4.66
|
5.92
|
5.47
|
|
118-120
|
5.29
|
4.75
|
6.01
|
5.56
|
(2) Premiums payable other
than on a single premium basis or for benefits on a basis different than
illustrated above shall be actuarially consistent with the rates specified
above.
Source:
5 SDR 91, effective April 25, 1979; 12 SDR 151, 12 SDR 155, effective July 1,
1986; 26 SDR 150, adopted May 21, 2000, effective July 1, 2000.
General
Authority: SDCL 58-19-34.
Law
Implemented: SDCL 58-19-26.
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