South Dakota § 58-41-18 Factors considered in determining financial responsibility.

South Dakota Statutes

§ 58-41-18 — Factors considered in determining financial responsibility.

South Dakota·Title 58 INSURANCE·Ch. 58-39 HEALTH MAINTENANCE ORGANIZATIONS

In making a determination under subdivision 58-41-17(4), the director may consider:

(1)The financial soundness of the applicant's arrangements for health care services and the proposed schedule of charges used in connection therewith;

(2)The adequacy of its working capital;

(3)Arrangements which will guarantee for a reasonable period of time the continued availability or payment of the cost of health care services in the event of discontinuance of the health maintenance organization;

(4)Agreements with providers for the provision of health care services; and (5) Any surety bond or deposit of cash or securities submitted in accordance with § 58-41-11 as a guarantee that the obligations will be duly performed.

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In making a determination under subdivision 58-41-17(4), the director may consider: (1) The financial soundness of the applicant's arrangements for health care services and the proposed schedule of charges used in connection therewith; (2) The adequacy of its working capital; (3) Arrangements which will guarantee for a reasonable period of time the continued availability or payment of the cost of health care services in the event of discontinuance of the health maintenance organization; (4) Agreements with providers for the provision of health care services; and (5) Any surety bond or deposit of cash or securities submitted in accordance with § 58-41-11 as a guarantee that the obligations will be duly performed.

South Dakota § 58-41-18 (Factors considered in determining financial responsibility.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.