Description: This session provides an overview of industry approaches to valuing the liabilities of nontraditional health products such as specific and employer stop loss, provider excess and critical illness. From the Record of the Society of Actuaries, Volume 29, No. 2, Session 117

Description: 1993 SOA Spring Meeting, San Diego. This session is about stop loss insurance and some of the issues associated with it. Product issues discussed included: 1. Issuance of stop-loss policies with internal limits that don't match up with the underlying plan document. 2. The use of 12/12 renewals under which the stop-loss policy only covers claims incurred and paid in the twelve-month contract period. 3. Offering two-year rate guarantees. 4. Offering of lifetime limits in excess of $1 million.