Multiple Employer Welfare Arrangements (Mewa) Annual Filing for Licensure and Annual Filing Update - Delaware

Multiple Employer Welfare Arrangements (Mewa) Annual Filing for Licensure and Annual Filing 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 MEWA is a type of health insurance plan that is sponsored by one or more employers and provides coverage to employees of those employers.

Q: Do MEWAs need to file an annual licensure in Delaware?A: Yes, MEWAs need to file an annual licensure in Delaware.

Q: What is the purpose of the annual filing for licensure?A: The purpose of the annual filing for licensure is to ensure that MEWAs are in compliance with state regulations and to protect the interests of employees and employers.

Q: Who is required to file the annual filing update?A: MEWAs that are licensed in Delaware are required to file the annual filing update.

Q: When is the deadline for the annual filing?A: The deadline for the annual filing is typically around March 1st, but it is recommended to check with the Delaware Department of Insurance for the exact deadline.

Q: What information is required in the annual filing?A: The annual filing requires information such as financial statements, actuarial reports, and other relevant documents that demonstrate the financial stability and compliance of the MEWA.

Q: Are there any fees associated with the annual filing?A: Yes, there are fees associated with the annual filing. The amount of the fees may vary depending on the size of the MEWA and other factors.

Q: Can a MEWA operate in Delaware without a license?A: No, a MEWA cannot operate in Delaware without a license. It is required to obtain a license from the Delaware Department of Insurance before offering health insurance coverage to employees in the state.

Q: What are the consequences of operating without a license?A: Operating without a license can result in penalties and legal consequences, including fines and potential shutdown of the MEWA's operations.