California Insurance Code 742.25 – In determining the qualification of a multiple employer welfare …
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In determining the qualification of a multiple employer welfare arrangement, the commissioner will consider, among other things:
(a) The history of the multiple employer welfare arrangement.
Terms Used In California Insurance Code 742.25
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- Multiple employer welfare arrangement: as used in this article has the same meaning as that contained in Section 1002(40)(A) of Title 29 of the United States Code. See California Insurance Code 742.21
(b) The competency, character, integrity, responsibility, and general fitness of the management and administration.
(c) Financial stability.
(d) Whether claims were promptly and fairly adjusted and are promptly and fully paid in accordance with the law and the terms of the plan.
(e) Fairness and honesty of methods of doing business.
(f) Hazard to covered employees or creditors.
(Added by Stats. 1994, Ch. 1082, Sec. 1. Effective January 1, 1995.)