Document dated Jun. 20, 2025, received from LOU LEG Jun. 25, summarized Jun. 30.
Bill Provisions
Requirements to issue stop-loss policies for small employer employee benefit plan.
Prohibits issue of stop-loss policy for less than five employees if policy permits adjustment of deductibles or attachment points of plan member or of specific diseases.
Stop-loss policies must include separate disclosure form, to be signed by employer before purchase, with coverage limits, employer risk, the impact of claims on renewals.
Legislative History
On Apr. 14, 2025, bill introduced in Senate; on May 14, 2025, bill passed in Senate.
On May 19, 2025, bill introduced in House; on Jun. 8, 2025, amended bill passed.
On Jun. 12, 2025, Senate considered House amendments, result was to concur.
On Jun. 20, 2025, bill was signed by the governor, and assigned Act 400.
Effectiveness
Bill becomes effective on Aug. 1, 2025.
Regulators
LOU LEG
Entity Types
Ins
Reference
Act 400, SB16, 6/20/2025; Citation: LOU INS 22:883;
