S.D. Admin. R. 20:06:48:03

Current through Register Vol. 50, page 159, June 17, 2024
Section 20:06:48:03 - Tolling of 63-day timeframe

Any substantially completed application, whether an underwritten application or one specifically designed for the risk pool, tolls the 63-day timeframe. If the application results in coverage, the days starting on the date of the substantially completed application through the date coverage begins, are not taken into account in determining whether the 63-day timeframe has been reached. If the application does not result in coverage, the tolling of the 63-day timeframe ends on the date the application is denied by the issuer or on the date the offer of coverage lapses. This section does not reduce the timeframes allowed for a risk pool applicant to apply as provided for in §§ 20:06:48:04 to 20:06:48:06, inclusive, or effect eligibility as provided for by § 20:06:48:17.

S.D. Admin. R. 20:06:48:03

30 SDR 51, effective 10/28/2003; 31 SDR 214, effective 7/6/2005.

General Authority: SDCL 58-17-124(5).

Law Implemented: SDCL 58-17-85, 58-17-124(5).