California § 742.25. 742.25. (Added by Stats. 1994, Ch. 1082, Sec. 1.)

California Statutes

§ 742.25. — 742.25. (Added by Stats. 1994, Ch. 1082, Sec. 1.)

California·Code INS Insurance Code - INS·Div. 1. DIVISION 1. GENERAL RULES GOVERNING INSURANCE·Part 2. PART 2. THE BUSINESS OF INSURANCE·Ch. 1. CHAPTER 1. General Regulations·Art. 4.7. ARTICLE 4.7. Multiple Employer Welfare Arrangements

In determining the qualification of a multiple employer welfare arrangement, the commissioner will consider, among other things:

(a)The history of the multiple employer welfare arrangement.

(b)The competency, character, integrity, responsibility, and general fitness of the management and administration.

(c)Financial stability.

(d)Whether claims were promptly and fairly adjusted and are promptly and fully paid in accordance with the law and the terms of the plan.

(e)Fairness and honesty of methods of doing business.

(f)Hazard to covered employees or creditors.

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In determining the qualification of a multiple employer welfare arrangement, the commissioner will consider, among other things:
(a)
The history of the multiple employer welfare arrangement.
(b)
The competency, character, integrity, responsibility, and general fitness of the management and administration.
(c)
Financial stability.
(d)
Whether claims were promptly and fairly adjusted and are promptly and fully paid in accordance with the law and the terms of the plan.
(e)
Fairness and honesty of methods of doing business.
(f)
Hazard to covered employees or creditors.

California § 742.25. (742.25. (Added by Stats. 1994, Ch. 1082, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.