Maine Revised Statutes Title 24-A Sec. 6604 – Filing requirements
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The sponsoring association shall file with the superintendent an application for authorization of the arrangement upon a form to be furnished by the superintendent. The application must include or have attached the following: [PL 1993, c. 688, §1 (NEW).]
1. Constitution or bylaws. A copy of the constitution or bylaws of the association;
[PL 1993, c. 688, §1 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 6604
- 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
- Declaration of trust: means a joint statement of those participating employers composing a multiple-employer welfare arrangement in which the purposes, plan of administration, rights and duties of the participants and the manner of funding obligations arising under the arrangement are established. See Maine Revised Statutes Title 24-A Sec. 6601
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Participation agreement: means the document pursuant to which an employer undertakes and agrees to fulfill the obligation of employers imposed by the declaration of trust. See Maine Revised Statutes Title 24-A Sec. 6601
2. Identification of trustees. The names and addresses of the trustees of the arrangement;
[PL 1993, c. 688, §1 (NEW).]
3. Document governing operation. A copy of the declaration of trust, trust agreement and any other documents that govern the operation of the arrangement;
[PL 1993, c. 688, §1 (NEW).]
4. Evidence of benefits provided. A copy of the employer participation agreement and the certificate, summary plan description or other evidence of the benefits and coverage provided to covered employees;
[PL 1993, c. 688, §1 (NEW).]
5. Proof of deposit or surety bond. Proof of deposit or a copy of the surety bond required pursuant to section 6607;
[PL 1993, c. 688, §1 (NEW).]
6. Excess insurance agreement. A copy of the arrangement’s excess insurance agreement;
[PL 1993, c. 688, §1 (NEW).]
7. Evidence of sound actuarial principles. Evidence satisfactory to the superintendent showing that the arrangement will be operated in accordance with sound actuarial principles. The superintendent may not approve the arrangement unless the superintendent determines that the plan is designed to provide sufficient revenues to pay current and future liabilities, as determined in accordance with sound actuarial principles;
[PL 1995, c. 618, §8 (AMD).]
8. Additional information. Additional information that the superintendent may reasonably require; and
[PL 1995, c. 618, §8 (AMD).]
9. Filing fee. The filing fee specified in section 601.
[PL 1995, c. 618, §8 (NEW).]
SECTION HISTORY
PL 1993, c. 688, §1 (NEW). PL 1995, c. 618, §§8,9 (AMD).