(a) A multiple-employer welfare arrangement licensed pursuant to the provisions of Insurance Code Chapter 846, and these sections will be limited to providing any one or more of the benefits described in paragraphs (1) - (3) of this subsection, as follows:
  (1) medical, dental, optical, surgical, or hospital care;
  (2) benefits in the event of sickness, accident, disability, or death; and
  (3) any other benefit authorized for health insurers in this state.
(b) A multiple-employer welfare arrangement may only provide benefits to active or retired owners, officers, directors, or employees of or partners in participating employers, or the beneficiaries of such persons, except as may otherwise be limited by provisions of the Employer Retirement Income Security Act of 1974 (29 United States Code §1001 et seq. ).

Source Note: The provisions of this §7.1909 adopted to be effective May 27, 1994, 19 TexReg 3686; amended to be effective April 26, 2021, 46 TexReg 2823