South Dakota § 58-18B-12 Ceding arrangements resulting in less than fifty percent of obligation or risk retained by carrier prohibited.

South Dakota Statutes

§ 58-18B-12 — Ceding arrangements resulting in less than fifty percent of obligation or risk retained by carrier prohibited.

South Dakota § 58-18B-12

Title 58INSURANCE

Ch. 58-18BREGULATION OF SMALL BUSINESSES' GROUP AND BLANKET HEALTH INSURANCE

This text of South Dakota § 58-18B-12 (Ceding arrangements resulting in less than fifty percent of obligation or risk retained by carrier prohibited.) 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 § 58-18B-12 (2026).

Text

Unless otherwise authorized by the director, no small employer carrier may enter into one or more ceding arrangements with respect to health benefit plans delivered or issued for delivery to small employers in the state if the arrangements would result in less than fifty percent of the insurance obligation or risk for such health benefit plans being retained by the ceding carrier.

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