(1) A multiple employer welfare arrangement is subject to taxation to the same extent and in the same manner as an insurer transacting health insurance in this state.

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

(2) For purposes of this section, contributions received by a trust for a multiple employer welfare arrangement shall be considered to be premiums received for insurance. [1993 c.615 § 17; 1995 c.786 § 11]

See note under 750.301.

[1973 c.97 § 7; 1989 c.331 § 26; renumbered 750.655 in 1989]