A multiple employer trust authorized under this chapter may have its authorization suspended or revoked by the director for violating any applicable provision of this title. The director may take action in lieu of suspension or revocation as though the trust were an insurer as provided by § 58-4-28.1.
S.D. Codified Laws § 58-18-91
Suspension or revocation of authorization of multiple employer trust--Action in lieu of suspension or revocation
Source: SL 2005, ch 272, § 5; SL 2019, ch 212, § 9.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.