58-18B-6. Disclosure in solicitation and sales materials.
112 words·~1 min read·
/sd/title-58/chapter-58-18/58-18b-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each small employer carrier shall make reasonable disclosure in solicitation and sales materials provided to small employers of the following:
(1)The extent to which premium rates for a specific small employer are established or adjusted due to the claim experience, health status or duration of coverage of the employees or dependents of the small employer;
(2)The provisions concerning the carrier's right to change premium rates and the factors, including case characteristics, which affect changes in premium rates;
(3)A description of the class of business in which the small employer is or will be included, including the applicable grouping of plans; and
(4)The provisions relating to renewability of coverage.