Effective: April 9, 1993
Latest Legislation: House Bill 689 - 119th General Assembly
(A) If a multiple employer welfare arrangement operating a group self-insurance program contracts with a third-party administrator that is not an employee of the arrangement, it shall enter into a written agreement. The agreement is subject to review and approval by the superintendent of insurance in accordance with this section.
(B) The agreement may provide both of the following:
(1) The right of substitution of the third-party administrator and the revocation of the agreement upon notice to the superintendent;
(2) Restrictions upon the exercise of powers by the third-party administrator.
(C) The terms of the agreement shall be reasonable and equitable. The agreement and any amendments to the agreement shall be filed by the arrangement with the superintendent at least thirty days prior to their use. Any agreement and amendments that have not been disapproved by the superintendent within thirty days after their filing with him shall be deemed to be approved.
(D) The multiple employer welfare arrangement shall furnish a copy of the agreement and any amendments to the agreement to each member upon request.
(E) Except as provided in this division and division (D) of this section, the agreement and any amendments to the agreement are confidential and privileged and shall not be released to the public by the superintendent without the prior written consent of the parties to the agreement. However, the superintendent, without the prior written consent of the parties, may release to the public, in the manner the superintendent considers appropriate, all or any part of the agreement or any amendments to the agreement if the superintendent does both of the following:
(1) Prior to release, gives notice and opportunity to be heard to the arrangement and its affiliates that would be affected by the release;
(2) Determines that the release will serve the interests of the members and their employees, or the public.
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.