Nebraska § 44-7609 Stop-loss insurance policy; requirements

Nebraska Statutes

§ 44-7609 — Stop-loss insurance policy; requirements

Nebraska § 44-7609

Ch. 44Insurance

This text of Nebraska § 44-7609 (Stop-loss insurance policy; requirements) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 44-7609 (2026).

Text

(1)A multiple employer welfare arrangement offering a health benefit plan that is not fully insured shall be a named insured under a stop-loss insurance policy that provides coverage in excess of the multiple employer welfare arrangement's retention of one hundred twenty-five percent of the multiple employer welfare arrangement's expected health claims costs as determined on an aggregate basis.

(2)A policy issued to satisfy the requirements of subsection (1) of this section shall:

(a)Be evidenced by a binder or policy by an insurer licensed to transact the business of insurance in this state; and

(b)Contain a provision that the coverage may not be terminated by the insurer unless the multiple employer welfare arrangement and the director receive a written notice of termination from the

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(1) A multiple employer welfare arrangement offering a health benefit plan that is not fully insured shall be a named insured under a stop-loss insurance policy that provides coverage in excess of the multiple employer welfare arrangement's retention of one hundred twenty-five percent of the multiple employer welfare arrangement's expected health claims costs as determined on an aggregate basis.
(2) A policy issued to satisfy the requirements of subsection (1) of this section shall:
(a) Be evidenced by a binder or policy by an insurer licensed to transact the business of insurance in this state; and
(b) Contain a provision that the coverage may not be terminated by the insurer unless the multiple employer welfare arrangement and the director receive a written notice of termination from the insurer at least thirty days before the effective date of the termination.