Section 31A-43-303 - Stop-loss insurance disclosureA 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;(7) maximum claims liability to the employer; and(8) a summary of the policy.Amended by Chapter 319, 2018 General Session ,§ 43, eff. 5/8/2018.Amended by Chapter 300, 2014 General Session ,§ 66, eff. 5/13/2014.Amended by Chapter 290, 2014 General Session ,§ 66, eff. 5/13/2014.Added by Chapter 341, 2013 General Session ,§ 36, eff. 4/1/2013.