(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 ยง3]
Note: See note under 750.301.
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Section 750.005 - Definitions.
Section 750.015 - Management to include representatives of public.
Section 750.035 - Regulation of hospital care associations under prior law; exceptions.
Section 750.045 - Required capitalization; bond, security or letter of credit; exemptions.
Section 750.055 - Other provisions applicable to health care service contractors; rules.
Section 750.085 - Offer of replacement coverage upon order of liquidation; procedure; rules.
Section 750.095 - Requirements of contract between provider and subscriber; content.
Section 750.301 - Definitions for ORS 750.301 to 750.341.
Section 750.303 - Conditions for use of multiple employer welfare arrangement; permitted coverage.
Section 750.305 - Application for certificate.
Section 750.307 - Requirements for association or group.
Section 750.309 - Requirements for trust.
Section 750.311 - Multiple employer welfare arrangements established in another state.
Section 750.313 - Issuance or refusal of certificate of multiple employer welfare arrangement.
Section 750.315 - Maintenance of reserves; actuarial opinion; rules.
Section 750.317 - Board of trustees.
Section 750.318 - Officers and persons appointed to act on behalf of board; bond.
Section 750.319 - Salaries; other compensation.
Section 750.321 - Assessment; maintenance of capital and surplus.
Section 750.323 - Notice of coverage under plan.
Section 750.325 - Filings by trust.
Section 750.327 - Examinations.
Section 750.331 - Prohibited activities for trustee or officer.
Section 750.333 - Applicable provisions of Insurance Code; rules.
Section 750.335 - Delinquency proceedings.
Section 750.339 - Liability of excess loss insurer.
Section 750.505 - Definitions for ORS 750.505 to 750.715.
Section 750.525 - Inapplicability of ORS 750.505 to 750.715 to certain legal services.
Section 750.535 - Registration requirements.
Section 750.545 - Application; fee.
Section 750.555 - Issuance of certificate of registration.
Section 750.565 - Duration of certificate; renewal; fee.
Section 750.585 - Written provider agreement with providing attorney.
Section 750.595 - Membership agreement.
Section 750.635 - Registered agent and registered office in state required.
Section 750.685 - Indemnification insurance or bond required.