S.D. Admin. R. 20:06:58:41
Current through Register Vol. 51, page 57, November 12, 2024
A plan or issuer may satisfy the requirements of § 20:06:58:40 by providing participants and beneficiaries, in accordance with § 20:06:58:42, with a summary of material reductions in covered services or benefits consistent with 29 CFR 2520.104b-3 (d) (December 3, 2014) that also includes the information specified in § 20:06:58:40. However, in all cases, the exemption under §§ 20:06:58:34 to 20:06:58:43, inclusive, is not effective until 30 days after notice required pursuant to § 20:06:58:39 has been sent.
S.D. Admin. R. 20:06:58:41
General Authority: SDCL 58-17-87, 58-18-79, 58-18-79(15).
Law Implemented: SDCL 58-17-87, 58-18-79, 58-18-80.