Amends TCA Title 56, Chapter 26.
Tennessee SB0286 amends Title 56, Chapter 26 of the Tennessee Code Annotated to authorize the pooling of liabilities among certain employers for the purpose of qualifying as self-insurers. It specifically affects employers within the same trade or professional organization or nonprofit business coalition, allowing them to enter agreements to pool their liabilities if they meet specific criteria, such as having at least 500 covered lives. Key provisions include the ability for foreign multiple employer welfare arrangements to be deemed domestic under certain conditions and the commissioner's authority to waive certain insurance laws for qualifying arrangements.
Tennessee SB0286 amends Title 56, Chapter 26 of the Tennessee Code Annotated to authorize the pooling of liabilities among certain employers for the purpose of qualifying as self-insurers. It specifically affects employers within the same trade or professional organization or nonprofit business coalition, allowing them to enter agreements to pool their liabilities if they meet specific criteria, such as having at least 500 covered lives. Key provisions include the ability for foreign multiple employer welfare arrangements to be deemed domestic under certain conditions and the commissioner's authority to waive certain insurance laws for qualifying arrangements.
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