S.D. Admin. R. 20:06:40:84

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:06:40:84 - Discontinuing all coverage

An issuer may elect to discontinue offering all health insurance coverage in the group market, or all markets, in a state in accordance with applicable state law only if the issuer meets all of the following conditions:

(1) The issuer provides notice in writing to the applicable state authority and to each plan sponsor or individual, as applicable, and all participants and beneficiaries covered under the coverage of the discontinuation at least 180 calendar days prior to the date the coverage will be discontinued;

(2) All health insurance policies issued or delivered for issuance in the state in the applicable market or markets are discontinued and not renewed; and

(3) An issuer that elects to discontinue offering all health insurance coverage in a market or markets may not issue coverage in the applicable market or markets and state involved during the 5-year period beginning on the date of discontinuation of the last coverage not renewed.

S.D. Admin. R. 20:06:40:84

39 SDR 203, effective 6/10/2013.

General Authority: SDCL 58-18-79.

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