<html> <head> <title>Rule 20:06:06:04.04 Joint credit disability insurance -- Acceptable rates.</title> <META NAME="Keywords" Content="Administrative Rules 20:06:06:04.04"> <META NAME="Description" Content="Administrative Rules 20:06:06:04.04 Joint credit disability insurance -- Acceptable rates."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:06:06:04.04.&nbsp;&nbsp;Joint credit disability insurance -- Acceptable rates.</b> Joint credit disability insurance may be issued at a premium rate that does not exceed the single disability rates specified in §&nbsp;20:06:06:04, multiplied by a factor of 1.75. Joint disability rates shall be filed with and approved by the director.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Joint credit disability insurance may only be issued when the indebtedness insured was granted based on both insureds' income.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 16 SDR 208, effective June 3, 1990.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-4-1">58-4-1</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-19-34">58-19-34.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-19-12">58-19-12</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-19-13">58-19-13</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-19-14">58-19-14.</A></p> </div> </body> </html>