20:06:48:11.  Coverage cancellation for nonpayment of premium. If an account has insufficient funds to allow the automatic withdrawal of the monthly premium, a second attempt to collect the premium shall be made within four to six days of the original deduction date. If the account still has insufficient funds, the risk pool coverage shall be canceled. If a premium payment is made through any method other than automatic withdrawal, any failure to make the required premium payment by the premium due date may result in the risk pool coverage being canceled at the discretion of the risk pool plan. An enrollee who fails to make a required premium payment shall receive one grace period in each calendar year. Such enrollee shall be notified of the once-a-year grace period in writing. The grace period is an additional 15 days after the cancellation date specified in this section.

          Source: 30 SDR 51, effective October 28, 2003.

          General Authority: SDCL 58-17-124(5).

          Law Implemented: SDCL 58-17-124(5), 58-17-136.