The proposed bill, General Assembly Proposed Bill No. 1001, seeks to amend chapter 700c of the general statutes concerning the regulation of stop loss insurance. The bill aims to increase the attachment point for stop loss insurance policies specifically for certain self-insured small businesses. This change is intended to provide these businesses with greater flexibility and protection in managing their health insurance costs.

Additionally, the bill mandates that the Insurance Commissioner conduct a report on the feasibility of implementing a minimum loss ratio and other consumer protections related to stop loss insurance. This requirement is designed to enhance consumer safeguards and ensure that stop loss insurance policies are fair and beneficial for small businesses. Overall, the bill focuses on improving the regulatory framework surrounding stop loss insurance to better serve the needs of self-insured small businesses.