South Dakota Statutes
§ 58-18B-12 — Ceding arrangements resulting in less than fifty percent of obligation or risk retained by carrier prohibited.
South Dakota·Title 58 INSURANCE·Ch. 58-18B REGULATION OF SMALL BUSINESSES' GROUP AND BLANKET HEALTH INSURANCE
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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South Dakota § 58-18B-12 (Ceding arrangements resulting in less than fifty percent of obligation or risk retained by carrier prohibited.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1995, ch 281, § 5.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.