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 filed.
Source: 28 SDR 157, effective May 19, 2002; 30 SDR 39, effective September 28, 2003.
General Authority: SDCL 58-17B-4.
Law Implemented: SDCL 58-17B-4.
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