S.D. Admin. R. 20:06:22:35
A health insurance issuer may not establish an index rate and make the market-wide adjustments pursuant to 20:06:22:33, or make the plan-level adjustments pursuant to 20:06:22:33, more or less frequently than annually, except as provided in f this section.
A health insurance issuer in the small group market may establish index rates and make the marketwide adjustments pursuant to 20:06:22:33, and make the plan-level adjustments pursuant to 20:06:22:33, no more frequently than quarterly. Any changes to rates must have effective dates of January 1, April 1, July 1, or October 1. Such rates may only apply to coverage issued or renewed on or after the rate effective date and will apply for the entire plan year of the group health plan.
S.D. Admin. R. 20:06:22:35
General Authority: SDCL 58-17-4.2, 58-17-87, 58-18B-18, 58-18B-36.
Law Implemented: SDCL 58-17-74.1, 58-17-87, 58-18B-18, 58-18B-36.