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ARSD 20:06:57:07. Surplus

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Administrative Rules of South Dakota › Title 20 › Article 20:06 INSURANCE › Chapter 20:06:57 Self-funded multiple employer trusts › ARSD 20:06:57:07

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

Unless otherwise provided in this section, a multiple employer trust shall deposit with an organization or trustee meeting the requirements of SDCL chapter 58-7 cash, securities, or any combination of these that is acceptable in the same amount provided in SDCL 58-6-23 for insurers. The director may increase the amount required to be deposited based on the director's written determination that such an increase is necessary to adequately secure any potential liability of the multiple employer trust to its enrollees, subject to SDCL chapter 58-29B proceedings.

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