Louisiana Administrative Code
Title 37 - INSURANCE
Part XIII - Regulations
Chapter 169 - Regulation 116-Stop-Loss or Excess Policies of Insurance
Section XIII-16915 - Due Diligence
Universal Citation: LA Admin Code XIII-16915
Current through Register Vol. 50, No. 3, March 20, 2024
A. Stop loss or excess insurers shall exercise due diligence in ascertaining the legitimacy or authority of the underlying group health plan before issuing coverage. This shall include but not be limited to ensuring that the underlying plan is not a self-insured multiple employer welfare arrangement pursuant to 29 U.S.C. § 1002(40), unless the underlying plan is authorized to do business in this state as a self-insurer and meets the requirements of R.S. 22:452.
AUTHORITY NOTE: Promulgated by the Department of Insurance, Office of the Commissioner, in accordance with R.S. 22:2 and 22:883.
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