What is Individual or Specific excess loss coverage?
INDIVIDUAL EXCESS LOSS protects the loss fund from being depleted by large individual claims. It is an individual deductible that caps the losses at a predetermined dollar amount. The Stop-Loss Carrier will reimburse the employer or the plan for covered losses that are paid by the employer or the plan through Intermountain Administrators, which exceed the individual or specific stop loss deductible under the terms as specified in the excess loss contract.
