The North Dakota Insurance Department has given Sanford Health Plan, a wholly owned not-for-profit subsidiary of Sioux Falls, S.D.-based Sanford Health, a “certificate of authority” to offer health insurance in the state, but warned that there is another regulatory step to be taken before any products can actually be sold.
Sanford Health Plan faces final hurdle
Responding to a Sanford news release announcing the department's decision, state Insurance Commissioner Adam Hamm issued his own release that noted “The company still needs to obtain approval of the insurance products and rates it intends to offer in North Dakota.”
After this approval is given, Sanford will be added to the department Web site's list of approved individual and group insurance plan providers in the state.
The Sanford plan was established in 1998 and covers some 64,000 people in Iowa, Minnesota and South Dakota.
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