Section 58-50A-65 - [Effective 1/1/2025] Multiple employer welfare arrangements; license required; penalty(a) It is unlawful to operate, maintain, or establish a MEWA unless the MEWA has a valid license issued by the Commissioner. Any MEWA operating in this State without a valid license is an unauthorized insurer.(b) This section, G.S. 58-50A-60, and G.S. 58-50A-70 through G.S. 58-50A-95 do not apply to a MEWA that offers or provides benefits that are fully insured by an authorized insurer or to a MEWA that is exempt from state insurance regulation in accordance with the Employee Retirement Income Security Act of 1974, Public Law Number 43-406.N.C. Gen. Stat. § 58-50A-65
Amended by 2024 N.C. Sess. Laws 57,s. 3G.1-b, eff. 1/1/2025, applicable to licenses issued under Article 50A of Chapter 58 of the General Statutes on or after that date.Renumbered from § 58-49-35by 2019 N.C. Sess. Laws 202, s. 2-b, eff. 10/1/2019 and applies to contracts entered into, amended, or renewed on or after 1/1/2020.This section is set out more than once due to postponed, multiple, or conflicting amendments.