California Insurance Code

§ 742.29

INS § 742.29 Effective Jan 1, 1995Div. 1 · Part 2 · Ch. 1 · Art. 4.7

Statute text

An association seeking to establish an employee welfare benefit plan by the use of a self-funded or partially self-funded multiple employer welfare arrangement shall apply for a certificate of compliance on a form prescribed by the commissioner. The application shall be completed and submitted to the commissioner along with all of the following:

(a)Copies of all articles, bylaws, agreements, or other documents or instruments describing the rights and obligations of the employers, employees, and beneficiaries of the association with respect to the multiple employer welfare arrangement.

(b)Current audited financial statements of the association and the multiple employer welfare arrangement, and Internal Revenue Service Form number 5500 for the last five years.

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Legislative history

Added by Stats. 1994, Ch. 1082, Sec. 1. Effective January 1, 1995.