Chapter 62L — Minnesota Small Employer Health Benefit Act

15.001 Application of Laws 2005, Chapter 56, Terminology Changes This section requires state agencies to use updated terminology from a 2005 law when they replace printed materials and … 62L.001 This is a cross-reference section that directs readers to section 15.001, which covers terminology changes in state … 62L.01 Citation This section names sections 62L.01 through 62L.22 as the 'Minnesota Small Employer Health Benefit Act.' The law applies … 62L.02 Definitions This section defines key terms used throughout the Minnesota Small Employer Health Benefit Act. A 'small employer' is a … 62L.03 Availability of Coverage This section requires health insurance companies to sell coverage to any small employer on a guaranteed issue basis. At … 62L.04 Compliance Requirements This section sets the timeline for when health insurance companies must comply with the small employer health benefit … 62L.045 Associations This section sets rules for associations that provide health coverage to small employers. A 'qualified association' must … 62L.05 Small Employer Plan Benefits This section describes benefit requirements for small employer health plans. Most original specific benefit mandates … 62L.055 This section has been repealed. It was removed from Minnesota law in 1999. 62L.056 This section has been repealed and is no longer part of Minnesota law. 62L.06 Disclosure of Underwriting Rating Practices This section requires health insurance companies to disclose important information in their sales materials when … 62L.07 Small Employer Requirements This section requires small employers to keep records that prove their employees and dependents are eligible for health … 62L.08 Restrictions Relating to Premium Rates This section limits how health insurance companies can set premium rates for small employers. Rates may vary based on … 62L.081 This section has been repealed. It was removed from Minnesota law in 2013. 62L.09 Cessation of Small Employer Business This section sets rules for when a health insurance company decides to stop doing business in the small employer market. … 62L.10 Supervision by Commissioner This section requires health insurance companies in the small employer market to file an annual actuarial opinion with … 62L.11 Penalties and Enforcement This section gives the commissioner the power to suspend or revoke a health carrier's license and impose fines up to … 62L.12 Prohibited Practices This section prohibits health carriers from selling individual health plans to employees of small employers that meet … 62L.13 Reinsurance Association This section creates the Health Coverage Reinsurance Association, a nonprofit organization that all health carriers in … 62L.14 Board of Directors This section establishes the 13-member board of directors for the Health Coverage Reinsurance Association. Four … 62L.15 Members This section covers the meetings and voting procedures for members of the Health Coverage Reinsurance Association. The … 62L.16 Administration of Association This section covers how the Reinsurance Association is administered. The association must hire a qualified administrator … 62L.17 Participation in Reinsurance Association This section allows health carriers to opt out of transferring risk to the Reinsurance Association if they can … 62L.18 Ceding of Risk This section describes how health carriers can transfer risk to the Reinsurance Association. Carriers can reinsure … 62L.19 Allowed Reinsurance Benefits This section limits reinsurance through the association to only the benefits described in section 62L.05. The board may … 62L.20 Transfer of Risk This section sets the financial thresholds for transferring risk. A carrier can transfer up to 90% of eligible charges … 62L.21 Reinsurance Premiums This section sets the reinsurance premiums that health carriers must pay when they transfer risk to the association. The … 62L.22 Assessments This section gives the Reinsurance Association's board the power to assess member health carriers to fund the … 62L.23 Suspension of Reinsurance Operations; Reactivation This section allows the commissioner to suspend the Reinsurance Association's operations if the board recommends it, and …