Fully insured welfare benefit plans

Sec. 2. A fully insured welfare benefit plan offered to covered employees of a single PEO is: (1) considered to be a single employer welfare benefit plan; and (2) not a multiple employer welfare arrangement (as defined in IC 27-1-34-1(b)) and is not required to comply with IC 27-1-34. As added by P.L.245-2005, SEC.7.