R590-268-2. Purpose and Scope

(1) The purpose of this rule is to: (a) provide the content of a stop-loss insurance policy disclosure; (b) define prohibited lasering practices; and (c) establish the procedure for filing: (i) a rate and form filing and; (ii) a report filing, including: (A) the insurer's stop-loss experience; (B) an actuarial certification of compliance; and (C) an actuarial memorandum regarding the actuarial certification of compliance. (2) This rule applies to an insurer marketing or offering a small employer stop-loss contract.