31A-43-201. Scope of chapter.
126 words·~1 min read·
/ut/title-31a/chapter-43/31a-43-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
31A-43-201. Scope of chapter.
(1)This chapter establishes criteria for the issuance of stop-loss insurance contracts or re-insurance contracts for small employers that establish self-funded or partially self-funded health plans for the small employer's employees. This chapter does not:
(a)impose any requirement or duty on any person other than a stop-loss insurer or re-insurer who issues a stop-loss insurance contract to a small employer;
(b)treat any stop-loss insurance contract as a direct policy of health insurance; or
(c)constitute an attempt to exercise authority over self-funded or partially self-funded health benefit plans sponsored by a small employer.
(2)This chapter applies to a small employer stop-loss contract issued or renewed on or after July 1, 2013.
Enacted by Chapter 341 , 2013 General Session