58-38-36. Minimum loss ratio for small employer health benefit plans.
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/sd/title-58/chapter-58-38/58-38-36·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Premium rates for small employer health benefit plans shall produce a minimum lifetime loss ratio of not less than seventy - five percent. The director may promulgate rules pursuant to chapter 1-26 which modify the minimum loss ratio required based upon the specific plan design or other objective and pertinent criteria.