South Dakota Codified Laws 58-18-52. Formation of voluntary health insurance purchasing organizations
Current as of: 2023 | Check for updates
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Notwithstanding the provisions of chapter 47-34A and §§ 47-15-2 and 47-22-4, any organization may form for the purposes of purchasing group health insurance on a voluntary basis. For purposes of §§ 58-18-52 to 58-18-62, inclusive, an organization means any nonprofit organization or nonprofit corporation formed under South Dakota law. Stop loss or excess insurance may be purchased in the same manner as group health insurance is purchased pursuant to §§ 58-18-52 to 58-18-62, inclusive.
Terms Used In South Dakota Codified Laws 58-18-52
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Source: SL 1994, ch 382, § 1; SL 1998, ch 293, § 2; SL 2021, ch 210, § 16.