(a)
- (1) A multiple-employer welfare arrangement licensed pursuant to the provisions of this part shall be limited to providing benefits for health benefit plans, as defined under 23 CAR § 147-103, and any other benefit authorized for health insurers in this state, or as permitted by the Insurance Commissioner.
- (2) Nothing, however, in this restriction shall preclude or limit a multiple-employer welfare arrangement or its members from purchasing any fully insured excepted benefits, including, but not limited to, those plans, policies, or benefits listed in 23 CAR § 147-103.
- (b) A multiple-employer welfare arrangement may only provide benefits to active or retired owners, officers, directors, or employees of or partners in participating employers, or the beneficiaries of such persons, except as may otherwise be limited by provisions of the Employer Retirement Income Security Act of 1974, 29 U.S.C. § 1001 et seq.
- (c) A multiple-employer welfare arrangement shall provide medical benefits, services, and network rights and comply with all laws or rules as are mandated upon fully insured large group health benefit plans by Arkansas law or State Insurance Department rules and bulletins.