Utah Administrative Code
Topic - Insurance
Title R590 - Administration
Rule R590-268 - Small Employer Stop-Loss Insurance
Section R590-268-6 - Form and Rate Filings
Universal Citation: UT Admin Code R 590-268-6
Current through Bulletin 2024-06, March 15, 2024
(1) An insurer shall file a stop-loss insurance contract and application with:
(a) any related documents;
(b) if altered, a disclosure as outlined in
Section R590-268-4; and
(c) a rate manual with an actuarial
memorandum as outlined in Section
R590-268-7.
(2) A new or a revised rate filing shall:
(a) include:
(i) a summary of the rate
calculation;
(ii) geographic rating
area factors applicable in Utah;
(iii) a description of how the overall rate
is compliant; and
(iv) an actuarial
certification signed by a qualified actuary; and
(b) be filed no later than 30 days before
use.
(3) A stop-loss contract shall be consistently applied to each small employer.
(4) A filing shall be submitted using SERFF.
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