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S.D. Codified Laws § 58-17-71

Separate classes of individual business--Reasons--Number

Source: SL 1996, ch 286, § 6.

A carrier may establish a separate class of individual business only to reflect substantial differences in expected claims experience or administrative costs related to the following reasons:

(1) The carrier used more than one type of system for the marketing and sale of health benefit plans to individuals; or

(2) The carrier has acquired a class of business from another carrier.

A carrier may establish up to three separate classes of individual business under this section.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.