Georgia § 33-30b-6 Requirements for insurance contract

Georgia Statutes

§ 33-30b-6 — Requirements for insurance contract

The insurance contract providing reimbursements for expenditures for health care services incurred by the plan may be a stop-loss, specific excess and aggregate, or other similar contract. It may be written by an insurer licensed for life, accident, and sickness insurance under Code Section 33-7-2 or by an insurer licensed for casualty insurance under Code Section 33-7-3 . In either case, the contract shall be in the name of the plan as the contract holder and shall contain at least the following:

(1)The attachment point after which the payments by the insurer will be made;

(2)The amounts for allowable spending accounts;

(3)An attachment containing the plan document;

(4)A conspicuous disclosure on the first page of the contract that it is not a policy of accident and sickness insurance

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The insurance contract providing reimbursements for expenditures for health care services incurred by the plan may be a stop-loss, specific excess and aggregate, or other similar contract. It may be written by an insurer licensed for life, accident, and sickness insurance under Code Section 33-7-2 or by an insurer licensed for casualty insurance under Code Section 33-7-3 . In either case, the contract shall be in the name of the plan as the contract holder and shall contain at least the following: (1) The attachment point after which the payments by the insurer will be made; (2) The amounts for allowable spending accounts; (3) An attachment containing the plan document; (4) A conspicuous disclosure on the first page of the contract that it is not a policy of accident and sickness insurance; and (5) All other relevant terms and conditions.

Georgia § 33-30b-6 (Requirements for insurance contract) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.