Section 58-17A-15 - Sale of second policy prohibited except as replacement--Liability of issuer. - South-dakota Statutes

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Statutes > South-dakota > Title-58 > Chapter-17a > Statute-58-17a-15

58-17A-15. Sale of second policy prohibited except as replacement--Liability of issuer. No issuer or insurance producer may sell a medicare supplement policy to a person who has an existing, in force medicare supplement policy unless the issuer or insurance producer is replacing the existing coverage. However, no issuer is liable beyond a refund of premium for the duplication of such medicare supplement coverage when a statement, signed by the insured, is obtained from the insured verifying that no other medicare supplement coverage is then in effect.

Source: SL 1989, ch 432, § 3; SL 1992, ch 347, § 15; SL 2001, ch 286, § 121.

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-17a > Statute-58-17a-15

58-17A-15. Sale of second policy prohibited except as replacement--Liability of issuer. No issuer or insurance producer may sell a medicare supplement policy to a person who has an existing, in force medicare supplement policy unless the issuer or insurance producer is replacing the existing coverage. However, no issuer is liable beyond a refund of premium for the duplication of such medicare supplement coverage when a statement, signed by the insured, is obtained from the insured verifying that no other medicare supplement coverage is then in effect.

Source: SL 1989, ch 432, § 3; SL 1992, ch 347, § 15; SL 2001, ch 286, § 121.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-17a > Statute-58-17a-15

58-17A-15. Sale of second policy prohibited except as replacement--Liability of issuer. No issuer or insurance producer may sell a medicare supplement policy to a person who has an existing, in force medicare supplement policy unless the issuer or insurance producer is replacing the existing coverage. However, no issuer is liable beyond a refund of premium for the duplication of such medicare supplement coverage when a statement, signed by the insured, is obtained from the insured verifying that no other medicare supplement coverage is then in effect.

Source: SL 1989, ch 432, § 3; SL 1992, ch 347, § 15; SL 2001, ch 286, § 121.