South Dakota Codified Laws 58-18A-81. Time for bringing existing contract into compliance with statutoryrequirements
A contract that provides health care benefits and that was issued before July 1, 2006, shall be brought into compliance with §§ 58-18A-53 to 58-18A-83, inclusive, by the later of:
(1) The next anniversary date or renewal date of the contract;
Terms Used In South Dakota Codified Laws 58-18A-81
- Contract: A legal written agreement that becomes binding when signed.
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2
(2) Twelve months following July 1, 2006; or
(3) The expiration of any applicable collectively bargained contract pursuant to which it was written.
For the transition period between the adoption of §§ 58-18A-53 to 58-18A-83, inclusive, and the timeframe for which plans are to be in compliance pursuant to this section, no plan that is subject to the prior COB requirements may be considered a noncomplying plan by a plan subject to the new COB requirements. If there is a conflict between the prior COB requirements under the prior act and the new COB requirements under §§ 58-18A-53 to 58-18A-83, inclusive, the prior COB requirements shall apply.
Source: SL 2006, ch 259, § 29.