Indiana Code 27-1-34-1. “Arrangement” or “Multiple employer welfare arrangement”

Sec. 1. (a) As used in this chapter, “arrangement” refers to a multiple employer welfare arrangement.

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Terms Used In Indiana Code 27-1-34-1

insurer: means a company, firm, partnership, association, order, society or system making any kind or kinds of insurance and shall include associations operating as Lloyds, reciprocal or inter-insurers, or individual underwriters. See Indiana Code 27-1-2-3
multiple employer welfare arrangement: means an entity other than a duly admitted insurer that establishes an employee benefit plan for the purpose of offering or providing accident and sickness or death benefits to the employees of at least two (2) employers, including self-employed individuals and their dependents. See Indiana Code 27-1-34-1

(b) As used in this chapter, “multiple employer welfare arrangement” means an entity other than a duly admitted insurer that establishes an employee benefit plan for the purpose of offering or providing accident and sickness or death benefits to the employees of at least two (2) employers, including self-employed individuals and their dependents. For purposes of this subsection, two (2) employers, one (1) of which holds an ownership interest of at least fifty-one percent (51%) in the other, are considered to be one (1) employer.

As added by P.L.1-1992, SEC.149. Amended by P.L.173-2007, SEC.19.

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