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Westmont Wire

Connecticut Issues New Bulletin Regarding Stop Loss Policies

On August 1, 2018, the Connecticut Insurance Department issued Bulletin HC-120 rescinding and combining provisions from Bulletins HC-95 & PC-75 and HC-108 & PC-80.

The new Bulletin reaffirms that the claim liability limits in stop loss policies should not be set to a point that reaching the specific aggregate amount required to trigger the coverage is an actuarial certainty. Furthermore, the Bulletin highlights the current stop loss attachment point, coverage, and contract provision requirements related to stop loss policies.

Most importantly, Bulletin HC-120 authorizes the issuance of retiree health plans stop loss policies. Due to the magnitude of the risk associated with retiree health plan stop loss coverage, retiree health plans will not be subject to the aforementioned requirements and will instead be reviewed by the Department on a case-by-case basis.

For any questions regarding Bulletin HC-120, or for assistance in compliance matters pertaining to stop loss policies, please contact Westmont Associates, Inc.

Westmont on the Waterfront

Come Visit Westmont Associates, Inc. at the 111th Mid-Atlantic Mutual Advantage Convention!

Joseph Keller, Esq. and Katherine Lenguadoro of Westmont Associates, Inc. will be attending the Mid-Atlantic Mutual Advantage Convention August 5th through August 7th. If you would like to visit us during our time in the Charm City, please stop by Westmont’s booth to meet us. Westmont offers a full spectrum of insurance compliance and management services. Our seasoned professionals have a wealth of experience including but not limited to insurance company formation and licensing, agent/agency/MGA/TPA licensing, claims auditing and review, contract drafting, due diligence, and actuarial services. They are well versed in the handling of all manner of claims such as asbestos, environmental, workers’ compensation, surety, professional liability and property claims. Our staff are seasoned expert witnesses both with respect to direct claims and reinsurance claims. In addition, Westmont provides market conduct analysis and program management, and legislative/regulatory analysis and review on both state and federal issues. Westmont is an industry leader in serving both the world’s largest insurers as well as small, specialized regional insurers and program managers. Our knowledge and experience is your advantage.

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We hope to see you there!

Final Rule Regarding Short-Term, Limited Duration Insurance

On August 1, 2018, the Department of the Treasury, the Department of Labor and the Department of Health and Human Services issued a final rule regarding Short-Term, Limited Duration Insurance.  This rule amends the definition of short-term, limited-duration insurance for purposes of its exclusion from the definition of individual health insurance coverage.  Under the current rule issued in late 2016, short-term, limited duration insurance cannot last for more than 3 months.  Under this new rule, the limit is 12 months, and insurers may extend policies up to 36 months.  For more information about this final rule and the requirements contained therein, please contact Westmont Associates, Inc.



Westmont Associates, Inc. tracks developments affecting the insurance industry, in addition to our other services.  If you have any questions, please contact us.


1763 Marlton Pike East, #200
Cherry Hill, NJ 08003
Phone: 856-216-0220