Arkansas § 23-62-111 Employee benefit stop-loss insurance

Arkansas Statutes

§ 23-62-111 — Employee benefit stop-loss insurance

Arkansas § 23-62-111

Title23

This text of Arkansas § 23-62-111 (Employee benefit stop-loss insurance) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-62-111 (2026).

Text

(a)As used in this subchapter, "employee benefit stop-loss insurance" means coverage that insures an employer or an employer-sponsored health plan against the risk that:

(1)One (1) claim will exceed a specific dollar amount; or (2) The entire loss of a self-insurance plan will exceed a specific dollar amount.

(b)An insurer authorized to transact accident and health insurance business in this state may issue employee benefit stop-loss insurance in this state.

(c)An insurer shall not issue an employee benefit stop-loss insurance policy that:

(1)Has an annual attachment point for claims incurred per individual that is less than twenty thousand dollars ($20,000);

(2)Has an annual aggregate attachment point for groups of fifty (50) or less that is lower than one hundred twenty percent (12

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(a) As used in this subchapter, "employee benefit stop-loss insurance" means coverage that insures an employer or an employer-sponsored health plan against the risk that: (1) One (1) claim will exceed a specific dollar amount; or (2) The entire loss of a self-insurance plan will exceed a specific dollar amount. (b) An insurer authorized to transact accident and health insurance business in this state may issue employee benefit stop-loss insurance in this state. (c) An insurer shall not issue an employee benefit stop-loss insurance policy that: (1) Has an annual attachment point for claims incurred per individual that is less than twenty thousand dollars ($20,000); (2) Has an annual aggregate attachment point for groups of fifty (50) or less that is lower than one hundred twenty percent (120%) of expected claims; (3) Has an annual aggregate attachment point for groups of fifty-one (51) or more that is lower than one hundred ten percent (110%) of expected claims; or (4) Provides for direct coverage of healthcare expenses of an individual. (d) The Insurance Commissioner may adopt rules that carry out the requirements of this section, including without limitation rules that require: (1) Additional standards for employee benefit stop-loss insurance policies; and (2) Disclosures to policyholders by an insurance carrier providing employee benefit stop-loss insurance.