South Dakota Codified Laws Show Administrative Rules of South Dakota Bulletins What are the optional uniform provisions?Optional Uniform Policy Provisions
These requirements include the obligation to inform the insurer of changes in income, especially if due to a disability, or changes to a more or less dangerous occupation.
Which optional provision is used in policies that provide income payments if the insured becomes disabled?Waiver of premium for disability is a provision in an insurance policy that comes into play if the insurer becomes unexpectedly disabled and cannot pay their policy's premium. Insurance companies may charge more for a policy with a waiver of premium for disability attached to it.
Which of the following optional provisions allows insurers to limit?The relation of earnings to insurance provision allows the insurance company to limit the insureds benefits of his average income over the last 24 months.
What is a provision in health insurance?A time of payment of claims provision in a health insurance policy states the number of days that the insurance company has to pay or deny a submitted claim.
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