Texas Insurance Code
§ 846.053 — ELIGIBILITY REQUIREMENTS FOR INITIAL CERTIFICATE OF AUTHORITY
IN § 846.053Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES · Ch. 846. MULTIPLE EMPLOYER WELFARE ARRANGEMENTS · Art. B. FORMATION AND STRUCTURE OF MULTIPLE EMPLOYER WELFARE ARRANGEMENTS
Statute text
View on source(a)An applicant for an initial certificate of authority as a multiple employer welfare arrangement must meet the requirements of this section.
(b)The employers in the multiple employer welfare arrangement must:
(1)be members of an association or group of five or more businesses that are in the same trade or industry, including closely related businesses that provide support, services, or supplies primarily to that trade or industry; or
(2)for a multiple employer welfare arrangement to which Section 846.0035 applies, each have a principal place of business in the same region that does not exceed the boundaries of this state or the boundaries of a metropolitan statistical area designated by the United States Office of Management and Budget.
(c)If the employers in the multiple employer welfare arrangement are members of an association, the association must:
(1)be engaged in substantial activity for its members other than sponsorship of an employee welfare benefit plan; and
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Legislative history
Acts 2023, 88th Leg., R.S., Ch. 117 (H.B. 290), Sec. 3, eff. September 1, 2023.