S.D. Admin. R. 20:06:21:68

Current through Register Vol. 51, page 57, November 12, 2024

Section 20:06:21:68 - Premium rate schedule increases - Group insurance policies

Subdivisions 20:06:21:65(2) and 20:06:21:66(1) and (2) shall not apply to group insurance policies as defined in SDCL 58-17B-2(4)(a) where:

(1) The policies insure 250 or more persons and the policyholder has 5,000 or more eligible employees of a single employer; or

(2) The policyholder, and not the certificateholders, pays a material portion of the premium, which shall not be less than twenty percent (20%) of the total premium for the group in the calendar year prior to the year a rate increase is filed.

S.D. Admin. R. 20:06:21:68

28 SDR 157, effective 5/19/2002; 30 SDR 39, effective 9/28/2003.

General Authority: SDCL 58-17B-4.

Law Implemented: SDCL 58-17B-4.