South Dakota § 58-18B-35 Director to promulgate rules regulating sale of multiple employer trusts and welfare arrangements--Scope of rules.

South Dakota Statutes

§ 58-18B-35 — Director to promulgate rules regulating sale of multiple employer trusts and welfare arrangements--Scope of rules.

South Dakota § 58-18B-35

Title 58INSURANCE

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

This text of South Dakota § 58-18B-35 (Director to promulgate rules regulating sale of multiple employer trusts and welfare arrangements--Scope of rules.) 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-35 (2026).

Text

The director shall promulgate rules pursuant to chapter 1-26 regulating the solicitation and sale of multiple employer trusts and multiple employer welfare arrangements. In considering the promulgation of rules pursuant to this section, the director shall take into consideration, the status of the small employer market, the impact such rules would have on the availability of health insurance and the impact such rules may have on the fair marketing of health insurance in this state. Rules promulgated pursuant to this section may not directly or indirectly affect stop loss or excess insurance covering health claims of employees arising from self - funded employee health programs. The rules may cover:

(1)Suitability and eligibility of insureds for coverage;

(2)Method of premium paymen

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The director shall promulgate rules pursuant to chapter 1-26 regulating the solicitation and sale of multiple employer trusts and multiple employer welfare arrangements. In considering the promulgation of rules pursuant to this section, the director shall take into consideration, the status of the small employer market, the impact such rules would have on the availability of health insurance and the impact such rules may have on the fair marketing of health insurance in this state. Rules promulgated pursuant to this section may not directly or indirectly affect stop loss or excess insurance covering health claims of employees arising from self - funded employee health programs. The rules may cover: (1) Suitability and eligibility of insureds for coverage; (2) Method of premium payments; (3) Contractual obligations and policy provisions of carriers; (4) Form filing requirements, including those for approval and disapproval; (5) Reporting and recordkeeping requirements; (6) Definition of terms; and (7) Eligibility of insurers.