58-18-92. Payment of premium taxes.
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/sd/title-58/chapter-58-18/58-18-92·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If not otherwise provided, a multiple employer trust doing business in this state on a self-funded basis shall pay premium taxes as required in chapter 10-44 based upon the amount each participating employer contributes, including any amounts contributed by employees and dependents, to the plan on an annual basis. If a multiple employer trust purchases excess or stop loss coverage, the multiple employer trust may not be taxed additionally for that coverage.