South Dakota § 58-18-89 - Promulgation of rules pertaining to multiple employer trusts.
Full text of South Dakota South Dakota Codified Laws § 58-18-89 — Promulgation of rules pertaining to multiple employer trusts., with citation guidance and answers to common questions.
§ 58-18-89. Promulgation of rules pertaining to multiple employer trusts.
The director shall promulgate rules, pursuant to chapter 1-26, pertaining to multiple employer trusts in the following areas:
(1) Consumer protection issues including minimum coverage standards for health policies; claims processing and payment practices; resolution of consumer complaints; compliance with federal HIPAA standards; plan termination processes and managed care protections; financial and market conduct record keeping and reporting; and unfair trade practices; and
(2) Financial and plan solvency issues including investment capital requirements; surplus and deposit requirements; claims reserves, stop loss coverage, and standards for entry and exit of plan members including a nonrefundable minimum deposit of not less than two thousand five hundred dollars plus two percent of first year contributions on an annual basis; and production of financial statements, audited financial statements, and actuarial opinions.
Source: SL 2005, ch 272, § 3.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-18-89
What does South Dakota Codified Laws § 58-18-89 cover?
Section 58-18-89 ("Promulgation of rules pertaining to multiple employer trusts.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 58-18-89?
A common citation format is "South Dakota Codified Laws § 58-18-89" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 58-18-89 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.