58-17-67. "Professional association" defined.
199 words·~1 min read·
/sd/title-58/chapter-58-17/58-17-67·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For purposes of §§ 58-17-66 to 58-17-87 , inclusive, the term, professional association, means any association that meets all of the following criteria:
(1)Serves a single profession that requires a significant amount of education, training, or experience or a license or certificate from a state authority to practice the profession;
(2)Has been actively in existence for five years;
(3)Has a constitution and by - laws or other analogous governing documents;
(4)Has been formed and maintained in good faith for purposes other than obtaining insurance;
(5)Is not owned or controlled by a carrier or affiliated with a carrier;
(6)Does not condition membership in the association on health status of claims experience;
(7)Has at least one thousand members if it is a national association; five hundred members if it is a state association; or two hundred members if it is a local association;
(8)All members and dependents of members are eligible for coverage regardless of health status or claims experience;
(9)Is governed by a board of directors and sponsors annual meetings of its members; and
(10)Does not allow producers to market association memberships, accept applications for memberships, or sign up members.