58-17B-13.1. Establishment of standards and requirements for cost-of-living adjustment.
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/sd/title-58/chapter-58-17/58-17b-13-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The director may promulgate rules pursuant to chapter 1-26 to establish specific standards and requirements for a cost - of - living adjustment to long - term care policies. The standards or requirements may cover:
(1)Types and duration of adjustments;
(2)Underwriting; and
(3)Amount of adjustment.