Multiple Employer Welfare Arrangements (Mewa) Initial Application for Licensure and Initial Application Update - Delaware

Multiple Employer Welfare Arrangements (Mewa) Initial Application for Licensure and Initial Application Update is a legal document that was released by the Delaware Department of Insurance - a government authority operating within Delaware.

FAQ

Q: What is a Multiple Employer Welfare Arrangement (MEWA)?A: A Multiple Employer Welfare Arrangement (MEWA) is a welfare benefit plan that provides health or other welfare benefits to the employees of two or more employers.

Q: Why would a MEWA need to apply for licensure?A: A MEWA needs to apply for licensure to ensure compliance with state regulations and to protect the interests of the participants in the plan.

Q: What is the purpose of the Initial Application for Licensure?A: The purpose of the Initial Application for Licensure is to provide information about the MEWA, its sponsors, and its operations to the licensing authority.

Q: Who needs to complete the Initial Application Update?A: The Initial Application Update needs to be completed by a MEWA that has already been licensed and wants to provide updated information to the licensing authority.

Q: What kind of information is required in the Initial Application for Licensure?A: The Initial Application for Licensure requires information about the MEWA's sponsors, administrators, service providers, financials, and compliance with applicable laws and regulations.

Q: What is the deadline for submitting the Initial Application Update?A: The deadline for submitting the Initial Application Update is typically within a certain number of days after the end of the MEWA's fiscal year.

Q: Are there any fees associated with the Initial Application for Licensure?A: Yes, there may be fees associated with the Initial Application for Licensure, which vary depending on the state.

Q: Can a MEWA operate without a license?A: No, a MEWA cannot operate without a license as it may be subject to penalties and legal consequences.

Q: What happens after the Initial Application for Licensure is submitted?A: After the Initial Application for Licensure is submitted, the licensing authority will review the application, conduct any necessary investigations, and make a determination on whether to grant or deny the license.