There is a newer version
of
this Section
2020 South Dakota Codified Laws
Title 58 - Insurance
Chapter 18 - Group And Blanket Health Insurance Policies
Section 58-18-4.4 - Requirements for insurer offering fully insured health benefit plan through association.
Universal Citation: SD Codified L § 58-18-4.4 (2020)
58-18-4.4. Requirements for insurer offering fully insured health benefit plan through association.
A health insurer offering a fully insured health benefit plan through an association shall:
(1)Guarantee acceptance of all eligible individuals under the employer members' association or fully insured multiple employer arrangement and, if coverage is offered to spouses and dependents, to all of the spouses and dependents;
(2)Provide a bronze health plan that has an actuarial value of sixty percent;
(3)Comply with all applicable state mandates; and
(4)Have premium rates that meet a minimum loss ratio of eighty-five percent.
Source: SL 2019, ch 212, ยง5.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
