South Dakota Codified Laws 58-18-4.4. Requirements for insurer offering fully insured health benefit plan through association
Current as of: 2023 | Check for updates
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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;
Terms Used In South Dakota Codified Laws 58-18-4.4
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
(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, § 5.