Maine Revised Statutes Title 24-A Sec. 6615 – Delinquency proceedings
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Terms Used In Maine Revised Statutes Title 24-A Sec. 6615
- 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
The rehabilitation, liquidation, conservation or dissolution of a multiple-employer welfare arrangement must be conducted under the supervision of the superintendent, who has all power with regard to the rehabilitation, liquidation, conservation or dissolution of a multiple-employer welfare arrangement granted to the superintendent under the laws governing the rehabilitation, liquidation, conservation or dissolution of insurers. [PL 1993, c. 688, §1 (NEW).]
SECTION HISTORY
PL 1993, c. 688, §1 (NEW).