58-17A-15. Sale of second policy prohibited except as replacement--Liability of issuer.No issuer or insurance producer may sell a medicare supplement policy to a person who has an existing, in force medicare supplement policy unless the issuer or insurance producer is replacing the existing coverage. However, no issuer is liable beyond a refund of premium for the duplication of such medicare supplement coverage when a statement, signed by the insured, is obtained from the insured verifying that no other medicare supplement coverage is then in effect. Source: SL 1989, ch 432, §3; SL 1992, ch 347, §15; SL 2001, ch 286, §121.
South Dakota Legal Code