Initial deposit requirements. No association or MEWA can propose a fully insured health benefits plan in that state unless it is properly authorized by the ministry. An association or MEWA wishing to propose a fully insured health benefits plan will apply to the department for a licence by July 1 at 4 p.m. .m. and will not be able to operate or propose such plans in that state until after the license. No association may propose, receive, market, sell or maintain a health benefits plan to its members without a valid license in accordance with this section. All association or AMM licences issued under this rule come into effect with the issuance, unless otherwise stated, and expire with the issuance or refusal of the MEWA or association renewal application. If a MEWA or association does not file a licence renewal before July 1, the previous licence expires on that date. The application for a licence must be made on a form prescribed by the Department and include the following, submitted under the signature and certification of a delegate, director or administrator of the insured association or MEWA: The delegate or any person appointed by the agent is authorized to review the affairs of any multiple employment assistance agreement funded by himself or partly self-funded or partially self-funded , and the association that created and managed them. , and to this end, have access to all books, records and documents relating to the activities of the multiple work agency, and may review under oath its directors, senior executives, representatives and employees with respect to the issues, transactions and terms of the multiple welfare agreement. A Both Employer Assistance Scheme (MEWA) is a system for marketing health and social security services to employers and their employees. Also known as the MultipleEmploy Trust (MET), an agreement on the social benefits of several employers is reached when a group of employers combine their contributions into a self-sustaining benefit plan for the benefit of their employees. No health care plan or policies, contracts, certificates or agreements that are offered or issued in that state can be interpreted by the insurer, association or MEWA, interpretation of contractual terms or presentation of standards of interpretation or verification inconsistent with the laws of that state.
Any policy, contract, certificate or agreement is null and for all, to the extent that it is at odds with this subsection, in accordance with subsection 8 V.S.A. 4062f. (a) The agreement on the financial support of the multiple employer failed, at the commissioner`s written request, to remove or dismiss an officer, director, fidduciary or any other member of staff convicted of fraud. dishonesty or moral turpitude. (a) copies of all articles, statutes, conventions or other documents or instruments describing the rights and obligations of employers, workers and beneficiaries of the association with respect to the multiple welfare regime of employers. If MEWA is not a health plan, the registration requirement rests with each employer. In addition, the filing of exemptions normally available to small employers no longer applies when the employer is part of a MEWA that is not a health plan. However, MEWA may submit an individual employer if it is group insurance (GIA).