(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 event the trust does not pay medical expenses that are eligible for payment under the multiple employer welfare arrangement, the individuals covered through the multiple employer welfare arrangement may be liable for those expenses.
(2) Each evidence of health benefits provided through a multiple employer welfare arrangement must state that the coverage is obtained through a multiple employer welfare arrangement and that the coverage is not subject to the provisions of ORS 734.750 to 734.890 relating to the Oregon Life and Health Insurance Guaranty Association, and that if the multiple employer welfare arrangement or the trust issuing the coverage becomes insolvent, the Oregon Life and Health Insurance Guaranty Association has no obligation to pay claims under the coverage.
(3) The notice required under subsection (1) of this section and the statement required under subsection (2) of this section are subject to prior review and approval by the Director of the Department of Consumer and Business Services. [1993 c.615 ยง14]
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.