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

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; and (8) a summary of the policy.