<html> <head> <title>Rule 20:06:57:07 Surplus.</title> <META NAME="Keywords" Content="Administrative Rules 20:06:57:07"> <META NAME="Description" Content="Administrative Rules 20:06:57:07 Surplus."> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 14 (filtered)"> <style> <!-- /* Font Definitions */ @font-face {font-family:Calibri; panose-1:2 15 5 2 2 2 4 3 2 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; text-align:justify; font-size:12.0pt; font-family:"Times New Roman","serif";} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in;} div.WordSection1 {page:WordSection1;} --> </style> </head> <body lang=EN-US> <div class=WordSection1> <p class=MsoNormal style='margin-left:-.7pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:06:57:07.&nbsp;&nbsp;Surplus.</b> Unless otherwise provided in this section, a multiple employer trust shall deposit with an organization or trustee meeting the requirements of SDCL chapter <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-7">58-7</A> cash, securities, or any combination of these that is acceptable in the same amount provided in SDCL 58-6-23 for insurers. The director may increase the amount required to be deposited based on the director's written determination that such an increase is necessary to adequately secure any potential liability of the multiple employer trust to its enrollees, subject to SDCL chapter 58-29B proceedings.</p> <p class=MsoNormal style='margin-left:-.7pt'>&nbsp;</p> <p class=MsoNormal style='margin-left:-.7pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 40 SDR 102, effective December 3, 2013.</p> <p class=MsoNormal style='margin-left:-.7pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-18-89">58-18-89.</A></p> <p class=MsoNormal style='margin-left:-.7pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-6-23">58-6-23</A>, ch <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-7">58-7</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-18-88">58-18-88</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-18-89">58-18-89</A>, ch 58-29B.</p> <p class=MsoNormal style='margin-left:-.7pt'>&nbsp;</p> </div> </body> </html>