Indiana Administrative Code (Last Updated: December 20, 2016) |
Title 760. DEPARTMENT OF INSURANCE |
Article 760IAC1. GENERAL PROVISIONS |
Rule 760IAC1-68. Multiple Employer Welfare Arrangements |
Section 760IAC1-68-10. Financial condition
Latest version.
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Each MEWA shall maintain a minimum fund balance of five hundred thousand dollars ($500,000). A MEWA that provides coverage for dental and/or vision, or both, services only shall maintain a minimum fund balance of one hundred fifty thousand dollars ($150,000). (Department of Insurance; 760 IAC 1-68-10; filed Apr 15, 2003, 2:20 p.m.: 26 IR 3041; filed Mar 7, 2006, 2:00 p.m.: 29 IR 2192; readopted filed Nov 24, 2009, 9:35 a.m.: 20091223-IR-760090791RFA; readopted filed Nov 20, 2015, 9:25 a.m.: 20151216-IR-760150341RFA)