20:06:57:08.01.  Multiple employer trust minimum loss ratio. A multiple employer trust that does not utilize community rating for its membership must maintain a minimum loss ratio (MLR) of eighty-five percent. MLR shall be calculated as follows:

(Claims + Claims Adjustment Expenses) / (Contributions - Applicable Taxes & Fees)

          Source: 45 SDR 158, effective June 27, 2019.

          General Authority: SDCL 58-18-79, 58-18-89.

          Law Implemented: SDCL 58-18-3, 58-18-6, 58-18-88.