58-17-68. Professional association plan defined.For purposes of §§58-17-66 to 58-17-87, inclusive, the term, professional association plan, means a health benefit plan offered through a professional association that covers members of a professional association and their dependents, and not others, in this state regardless of the situs of delivery of the policy or contract and which meets all the following criteria:(1)Conforms with all the provisions of the rate requirements of §§58-17-66 to 58-17-87, inclusive;(2)Provides renewability of coverage for the members and dependents of members of the professional association that meets the renewability requirements of §§58-17-66 to 58-17-87, inclusive;(3)Provides availability of coverage for the members and dependents of members of the professional association without regard to health status; and(4)Is offered by a carrier that offers health benefit plan coverage to any professional association seeking health benefit plan coverage from the carrier. Source: SL 1996, ch 286, §3; SL 2003 (SS), ch 1, §28.
South Dakota Legal Code