South Dakota § 58-18-4.4 Requirements for insurer offering fully insured health benefit plan through association.

South Dakota Statutes

§ 58-18-4.4 — Requirements for insurer offering fully insured health benefit plan through association.

South Dakota § 58-18-4.4

Title 58INSURANCE

Ch. 58-17JGROUP AND BLANKET HEALTH INSURANCE POLICIES

This text of South Dakota § 58-18-4.4 (Requirements for insurer offering fully insured health benefit plan through association.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-18-4.4 (2026).

Text

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.

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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; (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.