58-17-71. Separate classes of individual business--Reasons--Number.
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/sd/title-58/chapter-58-17/58-17-71·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A carrier may establish a separate class of individual business only to reflect substantial differences in expected claims experience or administrative costs related to the following reasons:
(1)The carrier used more than one type of system for the marketing and sale of health benefit plans to individuals; or
(2)The carrier has acquired a class of business from another carrier.
A carrier may establish up to three separate classes of individual business under this section.