1. (1) The purpose of this rule is to:

   1. (a) recognize arbitration as an acceptable method of alternative dispute resolution;
   2. (b) provide guidelines for disclosure of a contract arbitration provision; and
   3. (c) comply with the requirements outlined in Subsection 29 CFR 2560.503-1.

2. (2) This rule applies to an individual insurance policy and a group insurance policy issued or renewed on or after July 1, 2002 for:

   1. (a) income replacement insurance; and
   2. (b) a health benefit plan.
3. (3) Long-term care and Medicare supplement policies are not considered health benefit plans.

KEY: health insurance arbitration

Date of Last Change: July 27, 2022

Notice of Continuation: December 1, 2022

Authorizing, and Implemented or Interpreted Law: 31A-2-201; 29 CFR 2560.503-1