Nebraska § 44-7608 Board of trustees; duties

Nebraska Statutes

§ 44-7608 — Board of trustees; duties

Nebraska § 44-7608

Ch. 44Insurance

This text of Nebraska § 44-7608 (Board of trustees; duties) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 44-7608 (2026).

Text

The board of trustees of the multiple employer welfare arrangement as required by section 44-7607 shall:

(1)Serve as a fiduciary of the trust;

(2)Be responsible as plan administrator for all operations of the health benefit plan;

(3)Have in effect rules of operation and financial control based on an annual plan of operation, adequate to carry out the terms of the health benefit plan and to meet all requirements of the Multiple Employer Welfare Arrangement Act;

(4)Consider applications of association members for participation in the multiple employer welfare arrangement; and

(5)Hold and maintain a stop-loss insurance policy pursuant to the requirements of section 44-7609 .

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The board of trustees of the multiple employer welfare arrangement as required by section 44-7607 shall:
(1) Serve as a fiduciary of the trust;
(2) Be responsible as plan administrator for all operations of the health benefit plan;
(3) Have in effect rules of operation and financial control based on an annual plan of operation, adequate to carry out the terms of the health benefit plan and to meet all requirements of the Multiple Employer Welfare Arrangement Act;
(4) Consider applications of association members for participation in the multiple employer welfare arrangement; and
(5) Hold and maintain a stop-loss insurance policy pursuant to the requirements of section 44-7609 .