South Dakota Codified Laws 58-17-64. Minimum loss ratio for individual health benefit plans
Current as of: 2023 | Check for updates
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Premium rates for individual health benefit plans shall produce a minimum lifetime loss ratio of not less than sixty–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, § 4.