South Dakota Codified Laws 58-17B-13. Endorsement required–Cost-of-living adjustment not required
Current as of: 2023 | Check for updates
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Any long–term care policy offered for sale in this state shall offer as an endorsement an annual cost–of–living adjustment in daily benefits paid.
Nothing in this section requires an insurer that offers a long–term care policy which pays benefits on an expense–incurred basis or which is a life insurance policy with long–term care benefits as a part of the life policy or a rider to the life policy to offer a cost–of–living adjustment.
Terms Used In South Dakota Codified Laws 58-17B-13
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
Source: SL 1989, ch 440, § 14; SL 1990, ch 398, § 3.