Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-62-111. Employee benefit stop-loss insurance

(1) One (1) claim will exceed a specific dollar amount; or

(2) The entire loss of a self-insurance plan will exceed a specific dollar amount.

(1) Has an annual attachment point for claims incurred per individual that is less than twenty thousand dollars ($20,000);

(2) Has an annual aggregate attachment point for groups of fifty (50) or less that is lower than one hundred twenty percent (120%) of expected claims;

(3) Has an annual aggregate attachment point for groups of fifty-one (51) or more that is lower than one hundred ten percent (110%) of expected claims; or

(4) Provides for direct coverage of healthcare expenses of an individual.

(1) Additional standards for employee benefit stop-loss insurance policies; and

(2) Disclosures to policyholders by an insurance carrier providing employee benefit stop-loss insurance.