SB 769 - This act modifies provisions relating to multiple employer self-insured health plans. This act repeals a provision specifying that no multiple employer self-insured health plan may hold a certificate of authority to transact business in the state unless it had at least 250 covered employees in the preceding calendar quarter. (Section 376.1005.1)
The act also repeals a provision requiring a plan's surplus account to be a minimum of $600,000, regardless of monthly premiums collected. (Section 376.1017.2(3))
Under the act, multiple employer self-insured health plans licensed in the state are exempted from certain provisions of law related to taxation of insurance companies. (Section 376.1037)
Lastly, the act provides that sole proprietors, or employers with only one employee, shall be eligible to participate in a multiple employer self-insured health plan. (Section 376.1038)
This act is identical to HB 562 (2019).
ERIC VANDER WEERD