South Dakota § 58-33-107 Written disclosures required before issuing contract for stop loss policy.

South Dakota Statutes

§ 58-33-107 — Written disclosures required before issuing contract for stop loss policy.

South Dakota § 58-33-107

Title 58INSURANCE

Ch. 58-32UNFAIR TRADE PRACTICES

This text of South Dakota § 58-33-107 (Written disclosures required before issuing contract for stop loss policy.) 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 § 58-33-107 (2026).

Text

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.

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

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.