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2021 New Hampshire Revised Statutes
Title XXXVII - Insurance
Title 415-H - Stop Loss Insurance
Section 415-H:2 - Definitions.
Universal Citation:
NH Rev Stat § 415-H:2 (2021)
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415-H:2 Definitions.
I. "Actuarial certification" means a written statement by a member of the American Academy of Actuaries, or other individual acceptable to the commissioner, that an insurer is in compliance with the provisions of this chapter, based upon the individual's examination and including a review of the appropriate records and the actuarial assumptions and methods used by the insurer in establishing attachment points and other applicable determinations in conjunction with the provision of stop loss insurance coverage.
II. "Attachment point" means the claims amount incurred by an insured group beyond which the insurer incurs a liability for payment.
III. "Expected claims" means the amount of claims that, in the absence of a stop loss policy or other insurance, are projected to be incurred by an insured group through its health plan.
I. "Actuarial certification" means a written statement by a member of the American Academy of Actuaries, or other individual acceptable to the commissioner, that an insurer is in compliance with the provisions of this chapter, based upon the individual's examination and including a review of the appropriate records and the actuarial assumptions and methods used by the insurer in establishing attachment points and other applicable determinations in conjunction with the provision of stop loss insurance coverage.
II. "Attachment point" means the claims amount incurred by an insured group beyond which the insurer incurs a liability for payment.
III. "Expected claims" means the amount of claims that, in the absence of a stop loss policy or other insurance, are projected to be incurred by an insured group through its health plan.
Source. 2006, 217:1, eff. Jan. 1, 2007.
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