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(1) This chapter establishes criteria for the issuance of stop-loss insurance contracts or re-insurance contracts for small employers that establish self-funded or partially self-funded health plans for the small employer's employees. This chapter does not:
(a) impose any requirement or duty on any person other than a stop-loss insurer or re-insurer who issues a stop-loss insurance contract to a small employer;
(b) treat any stop-loss insurance contract as a direct policy of health insurance; or
(c) constitute an attempt to exercise authority over self-funded or partially self-funded health benefit plans sponsored by a small employer.
(2) This chapter applies to a small employer stop-loss contract issued or renewed on or after July 1, 2013.