§ 31A-30-208. Enrollment for defined contribution arrangements.

Latest version.

(1)

An insurer offering a health benefit plan in the defined contribution arrangement market:

(a)	shall allow an employer to enroll in a small employer defined contribution arrangement plan; and

(b)	shall otherwise comply with the requirements of this part, Chapter 42, Defined Contribution Risk Adjuster Act, and Title 63M, Chapter 1, Part 25, Health System Reform Act.

(2)

(a)	An insurer may enter or exit the defined contribution arrangement market on January 1 of each year.

(b)

An insurer may offer new or modify existing products in the defined contribution arrangement market:

(i)	on January 1 of each year;

(ii)	when required by changes in other law; and

(iii)

at other times as established by the risk adjuster board created in Section 31A-42-201.

(c)	An insurer shall give the department, the Health Insurance Exchange, and the risk adjuster board 90 days' advance written notice of any event described in Subsection (2)(a) or (b).

Amended by Chapter 319, 2013 General Session
Amended by Chapter 341, 2013 General Session

                    
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