The proposed bill, General Assembly Proposed Bill No. 1001, aims to amend chapter 700c of the general statutes concerning the regulation of stop loss insurance. The bill seeks to increase the attachment point for stop loss insurance policies specifically for certain self-insured small businesses. Additionally, it mandates that the Insurance Commissioner conduct a report assessing the feasibility of establishing a minimum loss ratio and implementing other consumer protections related to stop loss insurance.

The bill's intent is to enhance the regulatory framework surrounding stop loss insurance, thereby providing better support and protection for small businesses that opt for self-insurance. By increasing the attachment point, the bill aims to alleviate some financial burdens on these businesses, while the required report from the Insurance Commissioner will explore further consumer protections to ensure fair practices in the stop loss insurance market.