Formation of voluntary health insurance purchasing organizations

Notwithstanding the provisions of chapter 47-34A and §§ 47-15-2 and 47-22-4 , any organization may form for the purposes of purchasing group health insurance on a voluntary basis. For purposes of §§ 58-40-22 to 58-40-32 , inclusive, an organization means any nonprofit organization or nonprofit corporation formed under South Dakota law. Source: SL 1994, ch 382 , § 1; SL 2021, ch 210 , § 23.