Rule 20:06:21:68 Premium rate schedule increases -- Group insurance policies.
20:06:21:68. Premium rate schedule increases -- Group
insurance policies. Subdivisions 20:06:21:65(2) and 20:06:21:66(1) and (2)
shall not apply to group insurance policies as defined in SDCL 58-17B-2(4)(a) where:
(1) The policies insure 250
or more persons and the policyholder has 5,000 or more eligible employees of a
single employer; or
(2) The policyholder, and
not the certificateholders, pays a material portion
of the premium, which shall not be less than twenty percent (20%) of the total
premium for the group in the calendar year prior to the year a rate increase is
28 SDR 157, effective May 19, 2002; 30 SDR 39, effective September 28, 2003.
Authority: SDCL 58-17B-4.
Implemented: SDCL 58-17B-4.
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