Utah Admin. Code R590-268-6 - Form and Rate Filings

(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.

Notes

Utah Admin. Code R590-268-6

Amended by Utah State Bulletin Number 2016-1, effective 12/9/2015 Amended by Utah State Bulletin Number 2019-14, effective 6/21/2019 Amended by Utah State Bulletin Number 2023-10, effective 5/9/2023