Section 750.341 – Requirement for multiple employer welfare arrangement to become traditional insurer.
A trust carrying out a multiple employer welfare arrangement shall not provide coverage to more than 20,000 lives unless the trust first obtains a certificate of authority as an insurer in this state. [1993 c.615 §23] Note: See note under 750.301.
Section 750.318 – Officers and persons appointed to act on behalf of board; bond.
(1) The board of trustees of a trust carrying out a multiple employer welfare arrangement shall select officers as designated in the articles or bylaws and may appoint persons to act on behalf of the board as the board determines to be necessary for transacting the business of the multiple employer welfare arrangement. (2) Officers […]
Section 750.319 – Salaries; other compensation.
(1) The trust carrying out a multiple employer welfare arrangement may not pay any salary, compensation or emolument to any officer or trustee of the trust unless the payment is first authorized by a majority vote of the board of trustees. (2) The compensation of any trustee or officer may not be unreasonable and may […]
Section 750.321 – Assessment; maintenance of capital and surplus.
(1) Benefit plans issued by a trust must provide for a charge or deposit payable in cash and, except as provided in this section, for an assessment against member employers for purposes of subsection (2) of this section at least equal to one month’s contribution by the employer. The assessment may be prefunded. A member […]
Section 750.323 – Notice of coverage under plan.
(1) A trust shall provide notice of the following in writing to each individual applying to be covered by a multiple employer welfare arrangement: (a) The fact that the multiple employer welfare arrangement is subject to less stringent solvency protection and regulation than are insurers holding certificates of authority. (b) The fact that in the […]
Section 750.325 – Filings by trust.
(1) Each multiple employer welfare arrangement holding a certificate of multiple employer welfare arrangement must file an annual financial statement with the Director of the Department of Consumer and Business Services. The statement must conform to the requirements of ORS 731.574 applicable to annual statements filed by insurers. The director may request additional filings as […]
Section 750.327 – Examinations.
A multiple employer welfare arrangement and its board of trustees and each administrator, insurer or trustee related to the trust or multiple employer welfare arrangement are subject to investigation and examination in the same manner and to the same extent as an insurer under ORS 731.296 to 731.316. [1993 c.615 §16] Note: See note under […]
Section 750.329 – Taxation.
(1) A multiple employer welfare arrangement is subject to taxation to the same extent and in the same manner as an insurer transacting health insurance in this state. (2) For purposes of this section, contributions received by a trust for a multiple employer welfare arrangement shall be considered to be premiums received for insurance. [1993 […]
Section 750.330
[1973 c.97 §7; 1989 c.331 §26; renumbered 750.655 in 1989]
Section 750.331 – Prohibited activities for trustee or officer.
In addition to limitations and restrictions imposed by the federal Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. 1001 et seq., on trustees or officers in their capacity as fiduciaries, a trustee or officer of a trust carrying out a multiple employer welfare arrangement shall not do any of the following: (1) […]