South Dakota § 58-18B-25 Considerations in applying minimum participation requirements--Premium discounts.

South Dakota Statutes

§ 58-18B-25 — Considerations in applying minimum participation requirements--Premium discounts.

South Dakota § 58-18B-25

Title 58INSURANCE

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

This text of South Dakota § 58-18B-25 (Considerations in applying minimum participation requirements--Premium discounts.) 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-25 (2026).

Text

In applying minimum participation requirements with respect to a small employer, a small employer carrier may consider employees or dependents who have creditable coverage in determining whether the applicable percentage of participation is met. If any employee or dependent with other creditable coverage is to be considered towards calculating the applicable percentage of participation, the employee or dependent shall be counted as participating in the plan. A carrier may provide up to a twenty percent discount for any small employer who achieves a one hundred percent participation rate in the prior year. The discount may be less than the base rate by a factor up to twenty percent. However, no discount below the base rate may be used in determining the index rate for that class of business

Free access — add to your briefcase to read the full text and ask questions with AI

In applying minimum participation requirements with respect to a small employer, a small employer carrier may consider employees or dependents who have creditable coverage in determining whether the applicable percentage of participation is met. If any employee or dependent with other creditable coverage is to be considered towards calculating the applicable percentage of participation, the employee or dependent shall be counted as participating in the plan. A carrier may provide up to a twenty percent discount for any small employer who achieves a one hundred percent participation rate in the prior year. The discount may be less than the base rate by a factor up to twenty percent. However, no discount below the base rate may be used in determining the index rate for that class of business.