The director may issue an authorization to the multiple employer trust upon finding that the applicant multiple employer trust has met all requirements of SDCL 58-18-88 and this chapter. The director shall notify denied applicants of the reasons for denial. An unsuccessful applicant may file a new application for an authorization at any time, but not within 60 days of a previous denial by the director.

Source: 40 SDR 102, effective December 3, 2013.

General Authority: SDCL 58-18-89.

Law Implemented: SDCL 58-18-88 , 58-18-89.