Current through 2024 Regular Session legislation
Section 750.337 - Exclusion from membership in guaranty funds, joint underwriting associations and other pools(1) A trust carrying out a multiple employer welfare arrangement may not be permitted to join or contribute financially to any insurance insolvency guaranty fund or similar mechanism in this state. Neither such a trust nor its insureds may receive any benefit from any such fund for claims arising out of the operations of the multiple employer welfare arrangement.(2) A trust carrying out a multiple employer welfare arrangement may not participate in any joint underwriting association or mandatory liability pool established under the laws of this state. 1993 c.615 §21; 1995 c.603 §39