There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 58-17-119 — Administrative functions of board--Annual report to Legislature--Contents.
58-17-119. Administrative functions of board--Annual report to Legislature--Contents. The board shall perform its functions in such a manner as to assure the fair and reasonable administration of the risk pool and to provide for the sharing of risk pool losses, if any, on an equitable and proportionate basis among the carriers. In addition to other requirements, the board is responsible for all of the following:
(1) The handling and accounting of assets
and moneys of the risk pool;
(2) Procedures for assessing the carriers
in proportion to the number of persons they cover through primary,
excess, and stop loss insurance in this state;
(3) Methods for ensuring that all risk
pool enrollees are and continue to be eligible for the risk pool;
and
(4) Additional provisions necessary or
proper for the execution of the powers and duties of the risk
pool.
The board
shall file a report with the Legislature each year on or before
January first, which shall include information regarding the
operation of the risk pool, such as assessments, numbers of
enrollees, claims, expenses, and premiums.
Source: SL 2003 (SS), ch 1, § 7.
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