A stop-loss insurance contract or a re-insurance contract issued to a small employer that establishes a self-funded or partially self-funded health plan: (1) is not reinsurance under this title, and is not subject to the regulations for reinsurance under this title; (2) is subject to regulation as stop-loss insurance under this chapter; and (3) is subject to the contract provisions of this title in the same manner as insurance contracts issued by any other insurer.
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