Section 376.1000

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 376

Effective - 28 Aug 1993   

  376.1000.  Multiple employer self-insured health plan, defined. — 1.  As used in sections 376.1000 to 376.1045, a "multiple employer self-insured health plan" is any plan or arrangement which is not fully insured and which is either:

  (1)  Offered by a staff or employee leasing company; or

  (2)  Established or maintained for the purpose of offering or providing health, dental or short-term disability benefits to employees of two or more employers.

  2.  A plan or arrangement is considered fully insured only if an insurer licensed to transact business in this state retains the ultimate responsibility for all benefits payable by a contract or policy of insurance.

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(L. 1993 H.B. 709 § 22)