There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 58 INSURANCE
Chapter 40. Nonprofit Hospital Service Plans
§58-40-33 Minimum loss ratio for small employer health benefit plans.
SD Codified L § 58-40-33 (through 2011) What's This?
58-40-33. Minimum loss ratio for small employer health benefit plans. Premium rates for individual health benefit plans shall produce a minimum lifetime loss ratio of not less than seventy-five percent. The director may promulgate rules pursuant to chapter 1-26 which modify the minimum loss ratio required based on the specific design of the product or other objective and pertinent criteria.
Source: SL 1994, ch 381, § 1.
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