SB 172 - This act regulates a stop loss insurance policy as

a health insurance policy if the stop loss policy has an

attachment point lower than $10,000. A stop loss policy is an

insurance policy held by a self-insured business to cover any

expenses (health costs) over a set attachment point.

An alternate calculation for evaluating stop loss policies

is made for employer groups. This calculation varies according

to the number of employees and expected claims.

The Director of Insurance may change the dollar amount of

$10,000 in accordance with the consumer price index. Further

rules may be adopted by the Director to define when a stop loss

policy is really a health insurance policy. Actuarial compliance

forms shall be filed by an insurer each March 15th.

The act applies to policies issued or renewed after January

1, 1998.

MIKE HOEFERKAMP