(a) A multiple-employer welfare arrangement licensed
pursuant to the provisions of Insurance Code Chapter 846, and these
sections will be limited to providing any one or more of the benefits
described in paragraphs (1) - (3) of this subsection, as follows:
(1) medical, dental, optical, surgical, or hospital
care;
(2) benefits in the event of sickness, accident, disability,
or death; and
(3) any other benefit authorized for health insurers
in this state.
(b) A multiple-employer welfare arrangement may only
provide benefits to active or retired owners, officers, directors,
or employees of or partners in participating employers, or the beneficiaries
of such persons, except as may otherwise be limited by provisions
of the Employer Retirement Income Security Act of 1974 (29 United
States Code §1001 et seq. ).
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