- induced retention applicable to whole group prohibited--Application to individuals allowed--Aggregate limits standards. No purchasing group may purchase insurance providing for a deductible or self - insured retention applicable to the group as a whole. However, coverage may provide for a deductible or self - insured retention applicable to individual members. Any purchase of insurance by purchasing groups is subject to the same standards regarding aggregate limits which are applicable to all purchases of group insurance.
‹ Prev All South Dakota sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.