Section 27-8.2-3 - Stop-loss insurance coverage standards(a) An insurer shall not issue a stop-loss insurance policy that: (1) Has an annual attachment point for claims incurred per individual that is lower than twenty thousand dollars ($20,000);(2) Has an annual aggregate attachment point that is lower than one hundred twenty percent (120%) of expected claim; and(3) Provides direct coverage of healthcare expenses of an individual.(b) The commissioner may adopt rules that carry out the requirements of this chapter.R.I. Gen. Laws § 27-8.2-3
Added by 2013 Pub. Laws, ch. 86,§ 1, eff. 6/17/2013.Added by 2013 Pub. Laws, ch. 92,§ 1, eff. 6/17/2013.