S.D. Admin. R. 20:06:36:10
Within 60 days after the submission by an insurer or health organization of an RBC plan to the director, the director may notify the insurer whether the RBC plan shall be implemented or is, in the judgment of the director, unsatisfactory. If the director determines the RBC plan is unsatisfactory, the notice to the insurer or health organization shall set forth the reasons for the determinations and may set forth proposed revisions which will make the RBC plan satisfactory. Upon receiving notice from the director, the insurer or health organization shall prepare a revised RBC plan, which may incorporate by reference any revisions proposed by the director, and shall submit the revised RBC plan to the director within 45 days after the notice from the director or, if the insurer or health organization challenges the notice from the director under § 20:06:36:21, within 45 days after the director notifies the insurer or health organization that the director has, after a hearing, rejected the insurer's or health organization's challenge.
S.D. Admin. R. 20:06:36:10
General Authority: SDCL 58-4-48.
Law Implemented: SDCL 58-4-48.