§ 31A-43-303. Stop-loss insurance disclosure. (Effective 5/13/2014)

     A stop-loss insurance contract delivered, issued for delivery, or entered into shall include the disclosure exhibit required by the commissioner through administrative rule, which shall include at least the following information:

(1) the complete costs for the stop-loss contract;

(2) the date on which the insurance takes effect and terminates, including renewability provisions;

(3) the aggregate attachment point and the specific attachment point;

(4) limitations on coverage;

(5) an explanation of monthly accommodation and disclosure about any monthly accommodation features included in the stop-loss contract;

(6) a description of terminal liability funding, including the cost of processing claims before and after the termination of the contract; and

(7) maximum claims liability to the employer.

Amended by Chapter 290, 2014 General Session
Amended by Chapter 300, 2014 General Session