Current through the 2024 Fourth Special Session
Section 31A-43-302 - Stop-loss restrictions - Filing requirements(1) A stop-loss insurer shall file the stop-loss insurance contract form and rate methodology with the commissioner pursuant to Sections 31A-2-201 and 31A-2-201.1 before the stop-loss insurance contract may be issued or delivered in the state.(2) A stop-loss insurer shall file with the commissioner, annually on or before April 1, in a form and manner required by the commissioner by administrative rule adopted by the commissioner:(a) an actuarial memorandum and certification which demonstrates that the insurer is in compliance with this chapter; and(b) the stop-loss insurer's stop-loss experience.(3) An insurer shall maintain at its principal place of business:(a) a complete and detailed description of its rating practices and renewal underwriting practices, including information and documentation that demonstrate the rating methods and practices are:(i) based upon commonly accepted actuarial assumptions; and(ii) in accordance with sound actuarial principles; and(b) a copy of the annual filing required by Subsection (2).Amended by Chapter 300, 2014 General Session ,§ 65, eff. 5/13/2014.Amended by Chapter 290, 2014 General Session ,§ 65, eff. 5/13/2014.Added by Chapter 341, 2013 General Session ,§ 35, eff. 4/1/2013.