(1) An association or group of employers shall not provide health benefits to employees of the association or employees of any of the employers through a multiple employer welfare arrangement in this state except as authorized by a subsisting certificate of multiple employer welfare arrangement issued by the Director of the Department of Consumer and Business Services.
(2) Only health benefits may be transacted through a multiple employer welfare arrangement. Health benefits may include benefits for disablement only if the benefits for disablement do not exceed $2,000 each year for each person covered by the disablement benefit.
(3) Life insurance or insurance for disablement other than benefits described in subsection (2) of this section, or both, may be provided through a multiple employer welfare arrangement only if the insurance benefits meet the following conditions:
(a) The insurance benefits must be fully insured through an authorized insurer.
(b) The insurance benefits must be ancillary to the health benefits being provided under subsection (2) of this section.
(4) ORS 750.301 to 750.341 do not apply to a multiple employer welfare arrangement that is fully insured within the meaning of section 514(b)(6) of the federal Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. 1144(b)(6). [1993 c.615 §3]
Note: See note under 750.301.
Section: Previous 750.230 750.240 750.250 750.260 750.270 750.300 750.301 750.303 750.305 750.307 750.309 750.310 750.311 750.313 750.315 NextLast modified: August 7, 2008