S.D. Admin. R. 20:06:57:08.01

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

Section 20:06:57:08.01 - Multiple employer trust minimum loss ratio

A multiple employer trust which does not utilize community rating for its membership must maintain a minimum loss ratio of eighty-five percent. Minimum loss ratio (MLR) shall be calculated as follows: (Claims + Claims Adjustment Expenses) / (Premium Received - Applicable Taxes & Fees)

S.D. Admin. R. 20:06:57:08.01

45 SDR 158, effective 6/27/2019

General Authority: SDCL 58-18-79, 58-18-89.

Law Implemented: SDCL 58-18-3, 58-18-6, 58-18-88.