58-26-30. Reserve requirements for health insurance.
61 words·~1 min read·
/sd/title-58/chapter-58-26/58-26-30·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For all health insurance policies the insurer shall maintain an active life reserve which shall place a sound value on its liabilities under such policies and be not less than the reserve according to appropriate standards set forth in regulations issued by the director and, in no event, less in the aggregate than the prorata gross unearned premiums for such policies.