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§ 58-18A-81 Time for bringing existing contract into compliance with statutory requirements.

SD Codified L § 58-18A-81 (2019) (N/A)
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58-18A-81. Time for bringing existing contract into compliance with statutory requirements. A contract that provides health care benefits and that was issued before July 1, 2006, shall be brought into compliance with §§ 58-18A-53 to 58-18A-83, inclusive, by the later of:

(1) The next anniversary date or renewal date of the contract;

(2) Twelve months following July 1, 2006; or

(3) The expiration of any applicable collectively bargained contract pursuant to which it was written.

For the transition period between the adoption of §§ 58-18A-53 to 58-18A-83, inclusive, and the timeframe for which plans are to be in compliance pursuant to this section, no plan that is subject to the prior COB requirements may be considered a noncomplying plan by a plan subject to the new COB requirements. If there is a conflict between the prior COB requirements under the prior act and the new COB requirements under §§ 58-18A-53 to 58-18A-83, inclusive, the prior COB requirements shall apply.

Source: SL 2006, ch 259, § 29.

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