SDCL § 58-17B-13.1: Establishment of standards and requirements for cost-of-living adjustment.

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.