AN ACT ALLOWING SPONSORING ASSOCIATIONS TO CREATE MULTIPLE EMPLOYER WELFARE ARRANGEMENTS.

This bill allows business associations (like industry groups or trade organizations) to create pooled health insurance plans covering multiple employers' employees. It amends insurance law to let sponsoring associations establish "multiple employer welfare arrangements" (MEWAs) for their members. The key provision enables associations to coordinate health coverage across all member employers under one plan, rather than each employer managing separate coverage. This directly affects business associations and their member companies seeking streamlined group health options.