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Code · South Dakota · Title 58 · Chapter 58-40

58-40-33. Minimum loss ratio for small employer health benefit plans.

52 words·~1 min read·/sd/title-58/chapter-58-40/58-40-33

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Premium rates for individual 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 on the specific design of the product or other objective and pertinent criteria.
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