South Dakota § 58-18-89 Promulgation of rules pertaining to multiple employer trusts.

South Dakota Statutes

§ 58-18-89 — Promulgation of rules pertaining to multiple employer trusts.

South Dakota § 58-18-89

Title 58INSURANCE

Ch. 58-17JGROUP AND BLANKET HEALTH INSURANCE POLICIES

This text of South Dakota § 58-18-89 (Promulgation of rules pertaining to multiple employer trusts.) 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 § 58-18-89 (2026).

Text

The director shall promulgate rules, pursuant to chapter 1-26 , pertaining to multiple employer trusts in the following areas:

(1)Consumer protection issues including minimum coverage standards for health policies; claims processing and payment practices; resolution of consumer complaints; compliance with federal HIPAA standards; plan termination processes and managed care protections; financial and market conduct record keeping and reporting; and unfair trade practices; and (2) Financial and plan solvency issues including investment capital requirements; surplus and deposit requirements; claims reserves, stop loss coverage, and standards for entry and exit of plan members including a nonrefundable minimum deposit of not less than two thousand five hundred dollars plus two percent o

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The director shall promulgate rules, pursuant to chapter 1-26 , pertaining to multiple employer trusts in the following areas: (1) Consumer protection issues including minimum coverage standards for health policies; claims processing and payment practices; resolution of consumer complaints; compliance with federal HIPAA standards; plan termination processes and managed care protections; financial and market conduct record keeping and reporting; and unfair trade practices; and (2) Financial and plan solvency issues including investment capital requirements; surplus and deposit requirements; claims reserves, stop loss coverage, and standards for entry and exit of plan members including a nonrefundable minimum deposit of not less than two thousand five hundred dollars plus two percent of first year contributions on an annual basis; and production of financial statements, audited financial statements, and actuarial opinions.