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 § 58-41-18

Title 58INSURANCE

Ch. 58-39HEALTH MAINTENANCE ORGANIZATIONS

This text of South Dakota § 58-41-18 (Factors considered in determining financial responsibility.) 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 § 58-41-18 (2026).

Text

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.