South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:06 - INSURANCE
Chapter 20:06:55 - Market regulations
Section 20:06:55:45 - Rates

Universal Citation: SD Admin Rules 20:06:55:45
Current through Register Vol. 50, page 114, March 25, 2024

A qualified health plan issuer must set rates for an entire benefit year, or for the SHOP Exchange, plan year. An issuer must submit rate and benefit information to the director. A qualified health plan issuer must submit to the director a justification for a rate increase prior to the implementation of the increase. A qualified health plan issuer must prominently post the justification for a rate increase on its website. A qualified health plan issuer may vary premiums by the geographic rating area described in § 20:06:22:29.

Stand-alone dental plans are not subject to § 20:06:22:29. Stand-alone dental must file rates in accordance with SDCL 58-17-4.1 and SDCL 58-39-8. Any stand-alone dental plan that is not subject to rate approval pursuant to SDCL 58-17-4.1 or SDCL 58-39-8 must file rates with the director for informational purposes only.

General Authority: SDCL 58-17-87, 58-18-79.

Law Implemented: SDCL 58-17-87, 58-18-79, 58-18-80.

Disclaimer: These regulations may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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