This is an historical version of this statute chapter. Also view the most recent published version.
A contract providing stop loss coverage, issued or renewed to a small employer, as defined in section 62L.02, subdivision 26, or to a plan sponsored by a small employer, must include a claim settlement period no less favorable to the small employer or plan than the following:
(1) claims incurred during the contract period; and
(2) paid by the plan during the contract period or within three months after expiration of the contract period.
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