60A.236 STOP LOSS REGULATION; SMALL EMPLOYER COVERAGE.
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/mn/chapter-60/60a-236A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
60A.236 STOP LOSS REGULATION; SMALL EMPLOYER COVERAGE.
A contract providing stop loss coverage, issued or renewed to a small employer, as defined in section 62L.02, subdivision 26 , or to a plan sponsored by a small employer, must include a claim settlement period no less favorable to the small employer or plan than the following:
(1)claims incurred during the contract period; and
(2)paid by the plan during the contract period or within three months after expiration of the contract period.