Sec. 846.151. GENERAL POWERS. (a) Unless otherwise provided by or inconsistent with this chapter, each multiple employer welfare arrangement may exercise the powers provided by this section.
(b) A multiple employer welfare arrangement may have succession, by its name, for the term stated in its trust agreement.
(c) A multiple employer welfare arrangement may sue and be sued. An arrangement may:
(1) complain and defend in any court;
(2) be a party to any proceedings before a public body of this state or of any other state or government; and
(3) sue a participating employer, an employee, or a beneficiary for any cause relating to the business of the arrangement.
(d) A multiple employer welfare arrangement may have a seal that may be used by having the seal or a facsimile of the seal impressed, affixed, or otherwise reproduced. The arrangement may alter the seal at will.
(e) A multiple employer welfare arrangement may appoint officers and agents as the business of the arrangement requires.
(f) A multiple employer welfare arrangement may adopt, amend, and repeal bylaws as necessary for the government of its affairs.
(g) A multiple employer welfare arrangement may conduct its business in this state, other states, and foreign countries and their territories and colonies.
(h) A multiple employer welfare arrangement may have offices outside this state.
(i) A multiple employer welfare arrangement may acquire, hold, mortgage, pledge, assign, and transfer real and personal property subject to this chapter.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle C - Life, Health, and Accident Insurers and Related Entities
Chapter 846 - Multiple Employer Welfare Arrangements
Subchapter D. Powers and Duties of Multiple Employer Welfare Arrangements
Section 846.151. General Powers
Section 846.152. Filing of Organizational Documents
Section 846.153. Required Filings
Section 846.154. Cash Reserve Requirements
Section 846.155. Adjustment of Contributions
Section 846.156. Waiver or Reduction of Required Stop-Loss Insurance or Cash Reserves
Section 846.157. Renewal of Certificate; Additional Actuarial Review
Section 846.158. Examination of Multiple Employer Welfare Arrangements
Section 846.159. Name of Multiple Employer Welfare Arrangement