Current through the 2024 Fourth Special Session
Section 31A-43-201 - Scope of chapter(1) This chapter establishes criteria for the issuance of stop-loss insurance contracts or re-insurance contracts for small employers that establish self-funded or partially self-funded health plans for the small employer's employees. This chapter does not: (a) impose any requirement or duty on any person other than a stop-loss insurer or re-insurer who issues a stop-loss insurance contract to a small employer;(b) treat any stop-loss insurance contract as a direct policy of health insurance; or(c) constitute an attempt to exercise authority over self-funded or partially self-funded health benefit plans sponsored by a small employer.(2) This chapter applies to a small employer stop-loss contract issued or renewed on or after July 1, 2013.Added by Chapter 341, 2013 General Session ,§ 32, eff. 4/1/2013.