1. 1. Multiple-employer welfare arrangement; approval required A person may not commence operations after January 1, 1995 of a multiple-employer welfare arrangement unless that arrangement is approved by the superintendent. A person may not operate after January 1, 1995 a multiple-employer welfare arrangement in existence before January 1, 1995 unless that arrangement has been submitted for approval in compliance with this chapter.

   [PL 1993, c. 688, §1 (NEW).]

2. 2. Insurer authorized to transact health insurance This chapter does not apply to a multiple-employer welfare arrangement that offers or provides benefits that are fully insured by an insurer authorized to transact health insurance in the State.

   [PL 1993, c. 688, §1 (NEW).]

3. 3. Application Section 6608 does not apply to a multiple-employer welfare arrangement that:

   1. A. Meets the general eligibility requirements of section 6603, subsection 1;

      [PL 1993, c. 688, §1 (NEW).]

   2. B. Is administered primarily from a principal place of business located within the State; and

      [PL 1993, c. 688, §1 (NEW).]

   3. C. Has provided employee health benefits for a continuous period since on or before January 1, 1984.

      [PL 1993, c. 688, §1 (NEW).]

   [PL 1993, c. 688, §1 (NEW).]

4. 4. Application for approval; filing required If a multiple-employer welfare arrangement does not satisfy the requirements of subsection 3, the arrangement shall file with the superintendent within 60 days of the effective date of this subsection a complete application for authorization under section 6604.

   [PL 1993, c. 688, §1 (NEW).]

PL 1993, c. 688, §1 (NEW).