Section 89.471. Licensed accident and health insurers may write stop-loss coverage

(a) Section 202 of the act (40 P. S. § 382), defines group accident and health coverages that may be written by licensed accident and health companies. In an effort to increase health insurance options available to employers, stop-loss; that is, excess loss, coverage may be written by Pennsylvania licensed accident and health companies, if, before doing so, the Department has determined that the policy serves the interests of the public, and has approved the policy.

(b) This coverage may still be written by property and casualty insurers, if they also have the authority to write accident and health insurance. Current, approved policies written by property and casualty insurers may continue in force.

The provisions of this § 89.471 adopted September 25, 1992, effective September 26, 1992, 22 Pa.B. 4785.