Ohio Revised Code
Chapter 1739 | Multiple Employer Welfare Arrangements
Section 1739.08 | Powers of Board of Trustees.

Effective: April 9, 1993
Latest Legislation: House Bill 689 - 119th General Assembly
(A) A multiple employer welfare arrangement created pursuant to sections 1739.01 to 1739.22 of the Revised Code shall be operated by a board of trustees chosen by a majority of the participating members of the arrangement in accordance with sections 1739.01 to 1739.22 of the Revised Code and with the articles and bylaws of the arrangement.
(B) The board, in addition to other powers contained in its articles, shall do all of the following:
(1) Invest and reinvest funds held by it in accordance with section 3925.08 of the Revised Code;
(2) Collect and disburse all money due or payable;
(3) Employ and contract with actuaries, accountants, and other agents and employees necessary for the operation of the arrangement.
(C) The board, in addition to other powers contained in its articles, may do all of the following:
(1) Employ and contract with banks, corporate trustees, insurance agents, and insurers authorized to do business in this state;
(2) Employ third-party administrators;
(3) Contract with any person or any agency of the state or of a political subdivision for the use of services or facilities necessary, useful, or incidental to the operation of the arrangement;
(4) Employ legal counsel;
(5) Execute contracts necessary or incidental to the operation of the arrangement;
(6) Pay dividends, with the approval of the superintendent of insurance, to or levy assessments on its members;
(7) Purchase bonds and insurance necessary to comply with requirements of the "Employee Retirement Income Security Act of 1974," 88 Stat. 829, 29 U.S.C.A. 1001, as amended, sections 1739.01 to 1739.22 of the Revised Code, and rules adopted by the superintendent pursuant to such sections;
(8) Perform such other acts, not inconsistent with sections 1739.01 to 1739.22 of the Revised Code or other laws of this state.

Structure Ohio Revised Code

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 1739.061 | Standardized Prescription Identification Information - Pharmacy Benefits to Be Included.

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.

Section 1739.22 | Rules.

Section 1739.27 | Requiring Valid Certificate of Authority.

Section 1739.99 | Penalty.