South Dakota Codified Laws 58-40-12.1. Notice required for rate increase by hospital service plan corporation
Current as of: 2023 | Check for updates
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Forty–five days before a contract rate increase is effective, the hospital service plan corporation shall notify the group employer or association in writing that the contract rate for the hospital service plan operated by the corporation will be increased.
Terms Used In South Dakota Codified Laws 58-40-12.1
- Contract: A legal written agreement that becomes binding when signed.
- 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 1989, ch 434, § 3.