that Engrossed House Bill 1452 be amended to read as follows:
Page 17, between lines 37 and 38, begin a new paragraph and
" SECTION 15. IC 27-1-34-1 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 1. (a) As used in this chapter, "arrangement" refers to a multiple employer welfare arrangement.
(b) As used in this chapter, "multiple employer welfare arrangement" means an entity other than a duly admitted insurer that establishes an employee benefit plan for the purpose of offering or providing accident and sickness or death benefits to the employees of at least two (2) employers, including self-employed individuals and their dependents. For purposes of this subsection, two (2) employers, one (1) of which holds an ownership interest of at least fifty-one percent (51%) in the other, are considered to be one (1) employer.".
Page 57, after line 36, begin a new paragraph and insert:
"SECTION 42. An emergency is declared for this act.".
Renumber all SECTIONS consecutively.
(Reference is to EHB 1452 as printed March 27, 2007.)