58-6A-19.3. Purchase of insurance providing for deductible or self-induced retention applicable to whole group prohibited--Application to individuals allowed--Aggregate limits standards.
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/sd/title-58/chapter-58-6/58-6a-19-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No purchasing group may purchase insurance providing for a deductible or self - insured retention applicable to the group as a whole. However, coverage may provide for a deductible or self - insured retention applicable to individual members. Any purchase of insurance by purchasing groups is subject to the same standards regarding aggregate limits which are applicable to all purchases of group insurance.