Effective: April 9, 1993
Latest Legislation: House Bill 689 - 119th General Assembly
(A) No certificate shall be furnished by any multiple employer welfare arrangement in connection with, or pursuant to any group self-insurance program, nor shall any endorsement, rider, or application that becomes or is designated to become a part of any certificate be used until all of the following have been filed by the arrangement with the superintendent of insurance:
(1) The form of the certificate, endorsement, rider, or application;
(2) The premium or rates, including the calculations, formulas, and supporting statistics used to establish the premium or rates;
(3) Actuarial certification of the premium or rates, or such other documentation that supports the premium or rates and that is acceptable to the superintendent;
(4) The classification of risks pertaining to the premium or rates.
(B) If the superintendent finds that any form of certificate, endorsement, rider, or application that has been filed with him under division (A) of this section contains any provision that is contrary to the law of this state, contains inconsistent provisions, or contains any question, provision, title, heading, backing, or other indication of its contents, that is ambiguous, misleading, or deceptive, or likely to mislead or deceive the member, certificate holder, or applicant, he shall give written notice of his finding to the multiple employer welfare arrangement that has filed the form, and thereafter no arrangement that has filed the form shall use the form in this state.
(C) After the expiration of thirty days from the filing of any form under division (A) of this section, or at any time after the superintendent has given written approval thereof, the superintendent may, after a hearing of which at least twenty days' written notice has been given to the multiple employer welfare arrangement issuing the form, withdraw approval on any ground stated in division (B) of this section. He shall effect disapproval by his written order, which shall state the ground for disapproval and the date, not less than thirty days after the hearing, when the withdrawal of approval shall become effective. After the date when the withdrawal of approval of any form becomes effective, the form shall not be used in this state.
Structure Ohio Revised Code
Title 17 | Corporations-Partnerships
Chapter 1739 | Multiple Employer Welfare Arrangements
Section 1739.01 | Multiple Employer Welfare Arrangement Definitions.
Section 1739.02 | Group Self-Insurance Program Under Multiple Employer Welfare Arrangement.
Section 1739.03 | Certificate of Authority Issued by Superintendent of Insurance.
Section 1739.04 | Application Procedure.
Section 1739.05 | Minimum Enrollment.
Section 1739.06 | Filing Information With Superintendent.
Section 1739.07 | Voluntary Termination by Member.
Section 1739.08 | Powers of Board of Trustees.
Section 1739.09 | Annual Report.
Section 1739.10 | Examinations by Superintendent.
Section 1739.11 | Determining Financial Capacity of Multiple Employer Welfare Arrangement.
Section 1739.12 | Excess Loss Funding Program.
Section 1739.13 | Minimum Surplus - Investment and Maintenance of Assets.
Section 1739.14 | Payment of Premiums by Members.
Section 1739.141 | Annual Filing Requirements.
Section 1739.15 | Liability of Members.
Section 1739.16 | Contracts With Third-Party Administrator.
Section 1739.17 | Fiduciary Status of Trustee, Officer or Third-Party Administrator.
Section 1739.18 | Contracts With Third-Party Administrators.
Section 1739.19 | Member and Employees Deemed Insureds or Policyholders.
Section 1739.20 | Prohibited Acts.
Section 1739.21 | Fines - Probation.