Definitions

As used in this chapter: (1) "Broker" means an independent health insurance agent licensed in this State. (2) "Director" means the director of the Department of Insurance or his designee. (3) "Person" means a natural person, corporation, mutual company, unincorporated association, partnership, joint venture, limited liability company, trust, estate, foundation, not-for-profit corporation, unincorporated organization, government, or governmental subdivision or agency. (4) "Wellness reimbursement program" means a self-insured medical reimbursement plan or a wellness integrated medical plan expense reimbursement plan: (a) that is created pursuant to 26 C.F.R. 1.105-11 and Sections 105 and 125 of the Internal Revenue Code; (b) that has issued a contract to provide services and pay claims pertaining to reimbursements of qualified medical expenses relating to Section 213(d) of the Internal Revenue Code; (c) that is intended, created, marketed, and sold as an ancillary product to an individual or group health insurance coverage or self-insured group health plan; and (d) the reimbursement funds are not held by a third party administrator. "Wellness reimbursement program" does not include any underlying individual or group health insurance coverage or a self-insured group health plan. (5) "Wellness reimbursement program administrator" means any person who manages the operation of a wellness reimbursement program.