20:06:57:05.  Issuance of authorization. The director may issue an authorization to the multiple employer trust upon finding that the applicant multiple employer trust has met all requirements of SDCL 58-18-88 and this chapter. The director shall notify denied applicants of the reasons for denial. An unsuccessful applicant may file a new application for an authorization at any time, but not within 60 days of a previous denial by the director.

          Source: 40 SDR 102, effective December 3, 2013.

          General Authority: SDCL 58-18-89.

          Law Implemented: SDCL 58-18-88, 58-18-89.