Minn. Stat. § 60A.236

Current through 2024, c. 127

Section 60A.236 - STOP LOSS REGULATION; SMALL EMPLOYER COVERAGE

A contract providing stop loss coverage, issued or renewed to a small employer, as defined in section 62L.02, subdivision 26, or to a plan sponsored by a small employer, must include a claim settlement period no less favorable to the small employer or plan than the following:

(1) claims incurred during the contract period; and

(2) paid by the plan during the contract period or within three months after expiration of the contract period.

Minn. Stat. § 60A.236

1995 c 258 s 7

Amended by 2017 Minn. Laws, ch. 2,s 2-3, eff. 6/1/2017.