§ 58-40-33 Minimum loss ratio for small employer health benefit plans.

SD Codified L § 58-40-33 (2019) (N/A)
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58-40-33. Minimum loss ratio for small employer health benefit plans. Premium rates for individual health benefit plans shall produce a minimum lifetime loss ratio of not less than seventy-five percent. The director may promulgate rules pursuant to chapter 1-26 which modify the minimum loss ratio required based on the specific design of the product or other objective and pertinent criteria.

Source: SL 1994, ch 381, § 1.