58-17-71 Separate classes of individual business--Reasons--Number.
Separate classes of individual business--Reasons--Number.
A carrier may establish
a separate class of individual business only to reflect substantial differences in expected claims
experience or administrative costs related to the following reasons:
The carrier used more than one type of system for the marketing and sale of health benefit
plans to individuals; or
The carrier has acquired a class of business from another carrier.
A carrier may establish up to three separate classes of individual business under this section.
Source: SL 1996, ch 286, § 6.