ORS 750.305
Application for certificate
(1)
Copies of all articles, bylaws, agreements and other documents or instruments describing the rights and obligations of employers, employees and beneficiaries with respect to the multiple employer welfare arrangement.(2)
A copy of the trust agreement of the multiple employer welfare arrangement.(3)
Current financial statements of the multiple employer welfare arrangement on the basis of statutory accounting principles.(4)
Proof of a bond for the purpose and in the form and amount required by ORS 750.318 (Officers and persons appointed to act on behalf of board).(5)
A statement showing in full detail the plan for offering health care benefits through the multiple employer welfare arrangement. The plan must show that the association or group of employers and the trust meet the requirements of ORS 750.307 (Requirements for association or group) and 750.309 (Requirements for trust) and must show the procedure established for handling claims for benefits in the event of dissolution of the multiple employer welfare arrangement.(6)
Copies of all contracts or other instruments proposed to be made, offered or sold through the multiple employer welfare arrangement to its member employers, together with a copy of its plan description and the proposed printed matter to be used in the solicitation of member employers.(7)
Evidence that the multiple employer welfare arrangement has applications from five or more employers meeting the requirements of ORS 750.307 (Requirements for association or group) and will provide similar benefits for 200 or more participating employees.(8)
Proof of adequate reserves according to the requirements of ORS 750.315 (Maintenance of reserves).(9)
Proof of deposit with the Department of Consumer and Business Services of the initial amount required under ORS 750.309 (Requirements for trust) (4) as a guarantee of the due execution of the trust obligation. [1993 c.615 §4; 1999 c.196 §13]
Source:
Section 750.305 — Application for certificate, https://www.oregonlegislature.gov/bills_laws/ors/ors750.html.
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