58-17-68. Professional association plan defined.

For purposes of §§ 58-17-66 to 58-17-87, inclusive, the term, professional association plan, means a health benefit plan offered through a professional association that covers members of a professional association and their dependents, and not others, in this state regardless of the situs of delivery of the policy or contract and which meets all the following criteria:

(1)    Conforms with all the provisions of the rate requirements of §§ 58-17-66 to 58-17-87, inclusive;

(2)    Provides renewability of coverage for the members and dependents of members of the professional association that meets the renewability requirements of §§ 58-17-66 to 58-17-87, inclusive;

(3)    Provides availability of coverage for the members and dependents of members of the professional association without regard to health status; and

(4)    Is offered by a carrier that offers health benefit plan coverage to any professional association seeking health benefit plan coverage from the carrier.

Source: SL 1996, ch 286, § 3; SL 2003 (SS), ch 1, § 28.