1. (a) A multiple-employer welfare arrangement licensed pursuant to the provisions of the Insurance Code, Chapter 3, Subchapter I, and these sections shall be limited to providing any one or more of the benefits described in paragraphs (1)-(4) of this subsection, as follows:

   1. (1) medical, dental, optical, surgical, or hospital care;
   2. (2) benefits in the event of sickness, accident, disability, or death;
   3. (3) any other benefit authorized for health insurers in this state; and
   4. (4) prepaid legal services.
2. (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 United States Code §1001 et seq.).

Source Note:The provisions of this §7.1909 adopted to be effective May 27, 1994, 19 TexReg 3686.