Section 58-33-107 - Written disclosures required before issuing contract for stop loss policy

58-33-107. Written disclosures required before issuing contract for stop loss policy.No insurer may engage in the transacting of insurance in this state by issuing a stop loss policy unless, prior to issuing a contract for the stop loss policy, the insurer discloses clearly and conspicuously to the employer, in writing the following:(1)The employer is not covered for claims below the stop loss attachment point;(2)A description of the attachment point, including the specific and aggregate attachment points; and(3)The insurer provides no other coverage of the employer's retention. Source: SL 2007, ch 292, §15.