While it is true that many advisors are not experts in the stop-loss policies that they sell, the carriers do not put such renewal processes in writing and made available to the advisors and public at large. While some carriers will explain privately that they only underwrite future “unknown” risk at renewal (thus relegating large ongoing “known” risks back onto the laps of the employer in the form of a laser or commensurate rate increase), it is not something that they put in the contract, website or other public marketing material. (There is a small exception to this, when the plan purchases a No New Laser | Rate Cap option, but there the contract does not state how long that rider may be renewed on a guaranteed basis.)
To perhaps help in this dearth of published, public information on how stop-loss plans are renewed in cases of large ongoing claims, this website offers to post any carrier’s published documentation along these lines. This will help educate the advisors on the guidelines for any carrier shown.