Maine Revised Statutes Title 24-A Sec. 6605 – Fund balance
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Terms Used In Maine Revised Statutes Title 24-A Sec. 6605
- arrangement: means an employer welfare benefit plan or any other arrangement that is established or maintained for the purpose of offering or providing health benefits to the employees of 2 or more employers or to their beneficiaries. See Maine Revised Statutes Title 24-A Sec. 6601
- Fund balance: includes other contributed capital, retained earnings and subordinated debt. See Maine Revised Statutes Title 24-A Sec. 6601
Each multiple-employer welfare arrangement shall maintain a positive fund balance. [PL 1993, c. 688, §1 (NEW).]
SECTION HISTORY
PL 1993, c. 688, §1 (NEW).