1999 Minnesota Statutes

     62R.19 Stop loss requirement. 

    A health provider cooperative shall not contract with a 
 qualified employer or self-insured employer plan under section 
 62R.17 unless the qualified employer or self-insured employer 
 plan maintains a policy of stop loss or excess loss insurance 
 from an insurance company licensed to do business in this state 
 in accordance with the following: 

    (1) A qualified employer with more than 750 employees as 
 defined in section 62L.02 must not maintain a policy of stop 
 loss, excess loss, or similar coverage with an attachment point 
 less than 120 percent of the self-insured employer plan's annual 
 expected benefit costs; 

    (2) A qualified employer with 200 or more but fewer than 
 750 employees as defined in section 62L.02 must maintain a 
 policy providing aggregate stop loss insurance with an annual 
 attachment point of no less than 120 percent of the self-insured 
 employer plan's annual expected benefit costs and providing 
 individual stop loss coverage with a deductible of no less than 
 $10,000; and 

    (3) A qualified employer with fewer than 200 employees as 
 defined in section 62L.02 must maintain a policy meeting the 
 requirements of section 60A.235. 

    HIST: 1995 c 234 art 10 s 3 

*   NOTE:  See section 62R.26 for expiration date.