Terms used in §§ 58-1-27 to 58-1-39, inclusive, mean:

(1) “Covered employee,” an individual participating in a group health plan who is entitled to notices and documents and who is an employee of the sponsor or policyholder of the group health plan;

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Terms Used In South Dakota Codified Laws 58-1-27

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Contract: A legal written agreement that becomes binding when signed.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2

(2) “Covered person,” an individual participating in a group health plan who is entitled to notices and documents;

(3) “Delivered by electronic means:”

(a) Delivery to an electronic mail address at which a party has consented to receive notices or documents; or

(b) Posting on an electronic network or site accessible via the internet, mobile application, computer, mobile device, tablet, or any other electronic device, together with separate notice to a party directed to the electronic mail address at which the party consents to receive notice of the posting;

(4) “Party,” any recipient of any notice or document required as part of an insurance transaction, including an applicant, a covered employee, a covered person, an insured, a policyholder, or an annuity contract holder; and

(5) “Smart device,” an electronic device that combines a cell phone with a hand-held computer and that offers internet access and text or electronic mail capabilities.

Source: SL 2014, ch 230, § 1; SL 2023, ch 162, § 1.