South Dakota Statutes
§ 58-33-107 — Written disclosures required before issuing contract for stop loss policy.
No insurer may engage in the transacting of insurance in this state by issuing a stop loss policy unless, prior to issuing a contract for the stop loss policy, the insurer discloses clearly and conspicuously to the employer, in writing the following:
(1)The employer is not covered for claims below the stop loss attachment point;
(2)A description of the attachment point, including the specific and aggregate attachment points; and (3) The insurer provides no other coverage of the employer's retention.
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South Dakota § 58-33-107 (Written disclosures required before issuing contract for stop loss policy.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2007, ch 292, § 15.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.