Current through March 14, 2024
(a) A
producer or insurer required to file under Sections
38a-272-4
through
38a-272-7
shall file all of the following information on a form prescribed by the
Commissioner:
(1) A copy of the organizational
documents of the reportable MEWA, employee leasing firm or collectively
bargained arrangement, including the articles of incorporation and bylaws,
partnership agreement or trust instrument;
(2) A copy of each insurance or reinsurance
contract which purports to insure or guarantee all or any portion of benefits
or coverage offered by the reportable MEWA, employee leasing firm or
collectively bargained arrangement to any person who resides in this
state;
(3) Copies of the benefit
plan description and other materials intended to be distributed to potential
purchasers; and
(4) The names and
addresses of any person performing or expected to perform the functions of a
third party administrator for the reportable MEWA, employee leasing firm or
collectively bargained arrangement.
(b) A filing under this section is
ineffective and is not in compliance with this regulation if it is incomplete
or inaccurate in any material respect.
(c) A person who has made a filing under this
regulation shall amend such filing within thirty (30) days of the date the
person becomes aware, or exercising due diligence should have become aware, of
any material change to the information required to be filed. The amended filing
shall accurately reflect the material changes to the information originally
filed.
(d)
(1) A reportable MEWA, employee leasing
arrangement, or collectively bargained arrangement may voluntarily file with
the Commissioner the information specified in Subsection (a) of this section on
a form prescribed by the Commissioner, providing the filing is not incomplete
or inaccurate in any material respect and is accompanied by a statement signed
by an officer of such organization stating that the voluntary filing is made
with the understanding that the organization will amend the filing within
thirty (30) days of the date of any change to the information required to be
filed.
(2) When a filing is made
pursuant to Paragraph (1) of this subsection the Commissioner may, in his
discretion, elect to exempt producers or insurers from the information filing
requirements of this section so long as the provisions of Subsections (b) and
(c) of this section are complied with.
