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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A multiple employer welfare arrangement that is not fully insured, as described in subsection (c) of this section, shall not operate in the District or market, offer, or issue a health benefit plan to any individual or employer in the District without first meeting the requirements for, and becoming licensed as, an insurer, a hospital and medical services corporation, a fraternal benefit society, or a health maintenance organization.
(b) The existence of contracts of reinsurance shall not be considered in determining whether a multiple employer welfare arrangement is fully insured.
(c) For the purposes of this section, a multiple employer welfare arrangement is not fully insured unless the covered benefits it provides are:
(1) Insured on a direct basis by an insurance company licensed to transact the business of insurance in District; or
(2) Arranged for or provided on a direct basis by
(A) A hospital and medical services corporation;
(B) A fraternal benefit society;
(C) A health maintenance organization licensed in the District; or
(D) Any combination of these entities.
Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 31-3303.13c. Licensing requirement for certain multiple employer welfare arrangements. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-31-3303-13c/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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