Browse 35,870 source-backed statutes, open stored provisions, and verify official source links.
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35,870 statutes · page 22 of 1,794
United States — Nebraska
1 provisions
The act lets political subdivisions provide employee benefits through self-funding, and it requires self-funding political subdivisions to meet requirements that protect covered employees and dependents.
United States — Nebraska
1 provisions
This section says to use the definitions in sections 13-1604 to 13-1613 for this Act.
United States — Nebraska
1 provisions
‘Accruals’ means funds set aside for expected claims, reserves, and expenses for the self-funded part of an employee benefit plan for a plan year.
United States — Nebraska
1 provisions
“Covered dependent” means a dependent enrolled in an employee benefit plan.
United States — Nebraska
1 provisions
A “covered employee” means an employee enrolled in an employee benefit plan.
United States — Nebraska
1 provisions
“Employee benefit plan” means a plan provided under section 13-1614 for covered employees and covered dependents.
United States — Nebraska
1 provisions
“Excess insurance” means aggregate insurance, specific insurance, or insurance over a deductible where the plan sponsor bears some or all deductible risk and the insurance is purchased from an insurer.
United States — Nebraska
1 provisions
An independent actuary is a qualified member of either actuarial society who is not an employee of the plan sponsor.
United States — Nebraska
1 provisions
“Insurer” means an insurer defined in section 44-103 that holds a certificate of authority to transact insurance business in this state.
United States — Nebraska
1 provisions
“Plan sponsor” means any political subdivision that provides an employee benefit plan.
United States — Nebraska
1 provisions
This provision defines “political subdivision” to include several kinds of local government units.
United States — Nebraska
1 provisions
This provision defines “self-funding” or “self-funded” as taking on primary liability or responsibility for certain risks or benefits instead of passing that liability to another entity.
United States — Nebraska
1 provisions
A political subdivision may establish, join, and run employee benefit plans for employees and dependents, including certain health and disability coverages.
United States — Nebraska
1 provisions
A plan sponsor is not treated as an insurer, and self-funding by a plan sponsor is not treated as insurance business or subject to Insurance Department regulation.
United States — Nebraska
1 provisions
This Act does not apply to workers' compensation coverage.
United States — Nebraska
1 provisions
The plan sponsor’s governing body must approve self-funding, review it yearly, and keep employee benefit plan information confidential.
United States — Nebraska
1 provisions
A plan sponsor must give each covered employee a copy of the summary for the self-funded portion of the employee benefit plan.
United States — Nebraska
1 provisions
A plan sponsor must fund and maintain accruals, reserves, and a restricted fund for a self-funded employee benefit plan.
United States — Nebraska
1 provisions
The governing body of a plan sponsor must approve an annual report that includes fund balances, monthly accrual deposits and other assets, plus a separate accounting for required reserves.
United States — Nebraska
1 provisions
If the designated fund is not enough, the plan sponsor must add funds from other sources.