Utah Statutes

§ 31A-43-303 — Stop-loss insurance disclosure.

Utah·Title 31A Insurance Code·Ch. 31A-43 Small Employer Stop-Loss Insurance Act·Part 31A-43-3 Stop-Loss Insurance

A stop-loss insurance contract delivered, issued for delivery, or entered into shall include the disclosure exhibit required by the commissioner through administrative rule, which shall include at least the following information:

(1)the complete costs for the stop-loss contract;
(2)the date on which the insurance takes effect and terminates, including renewability provisions;
(3)the aggregate attachment point and the specific attachment point;
(4)limitations on coverage;
(5)an explanation of monthly accommodation and disclosure about any monthly accommodation features included in the stop-loss contract;
(6)a description of terminal liability funding, including the cost of processing claims before and after the termination of the contract;
(7)maximum claims liability to the employer;

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Legislative History

Amended by Chapter 319, 2018 General Session

Nearby Sections

15
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