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) […]
Section 750.333 – Applicable provisions of Insurance Code; rules.
(1) The following provisions apply to trusts carrying out a multiple employer welfare arrangement: (a) ORS 705.137, 705.138 and 705.139. (b) ORS 731.004 to 731.150, 731.162, 731.216 to 731.268, 731.296 to 731.316, 731.324, 731.328, 731.378, 731.386, 731.390, 731.398, 731.406, 731.410, 731.414, 731.418 to 731.434, 731.454, 731.484, 731.486, 731.488, 731.512, 731.574 to 731.620, 731.640 to 731.652, […]
Section 750.307 – Requirements for association or group.
A trust carrying out a multiple employer welfare arrangement must be established and maintained by an association or group of employers meeting the following requirements: (1) The association or group must be composed of five or more employers that are in the same trade or industry, including employers in closely related businesses that provide support, […]
Section 750.335 – Delinquency proceedings.
The Director of the Department of Consumer and Business Services may initiate and carry out supervision and delinquency proceedings against a trust carrying out a multiple employer welfare arrangement in the same manner as provided with regard to insurers under ORS chapter 734. [1993 c.615 §20] Note: See note under 750.301.
Section 750.309 – Requirements for trust.
The following requirements apply to the trust carrying out a multiple employer welfare arrangement: (1) The trust must hold and maintain adequate facilities for purposes of the multiple employer welfare arrangement and either must have sufficient personnel to service the employee benefit plan or must contract with a third party administrator licensed under ORS chapter […]
Section 750.337 – Exclusion from membership in guaranty funds, joint underwriting associations and other pools.
(1) A trust carrying out a multiple employer welfare arrangement may not be permitted to join or contribute financially to any insurance insolvency guaranty fund or similar mechanism in this state. Neither such a trust nor its insureds may receive any benefit from any such fund for claims arising out of the operations of the […]
Section 750.311 – Multiple employer welfare arrangements established in another state.
An association or group of employers may provide health benefits in this state through a multiple employer welfare arrangement established in another state if the association or group of employers first obtains a certificate of multiple employer welfare arrangement in this state. Such a multiple employer welfare arrangement is a foreign multiple employer welfare arrangement. […]
Section 750.339 – Liability of excess loss insurer.
An insurer who provides excess loss insurance under ORS 750.309 to a multiple employer welfare arrangement that is offering or providing health benefits in this state without a certificate of multiple employer welfare arrangement or to employers or employees participating in such a multiple employer welfare arrangement shall be liable for any unpaid claims of […]
Section 750.313 – Issuance or refusal of certificate of multiple employer welfare arrangement.
(1) The Director of the Department of Consumer and Business Services shall issue a certificate of multiple employer welfare arrangement to a multiple employer welfare arrangement by and through its board of trustees if, upon completion of the application for the certificate and upon investigation and review of all information acquired by the director, the […]
Section 750.340
[1973 c.97 §6; 1975 c.769 §9; 1989 c.331 §27; renumbered 750.705 in 1989]