Section 58-17-71 - Separate classes of individual business--Reasons--Number.
58-17-71. Separate classes of individual business--Reasons--Number. A carrier may establish a separate class of individual business only to reflect substantial differences in expected claims experience or administrative costs related to the following reasons:
(1) The carrier used more than one type of system for the marketing and sale of health benefit plans to individuals; or
(2) The carrier has acquired a class of business from another carrier.
A carrier may establish up to three separate classes of individual business under this section.
(1) The carrier used more than one type of system for the marketing and sale of health benefit plans to individuals; or
(2) The carrier has acquired a class of business from another carrier.
A carrier may establish up to three separate classes of individual business under this section.
Source: SL 1996, ch 286, § 6.