Benefits consortium; governing bodies of three or more cities, counties, or school boards to form.

Benefits consortium for localities. Authorizesthe governing bodies of three or more cities, counties, or schoolboards to form a benefits consortium for the purpose of establishinga self-funded employee welfare benefit plan. Under current law, suchgoverning bodies or school boards are authorized to form such a benefitsconsortium if they comprised the membership of a multiple employerwelfare arrangement as of December 31, 2014. Such a benefits consortiumis required to be a nonstock corporation established to operate abenefits plan. Each member of the benefits consortium is contractuallyliable for its allocated share of the consortium's liabilities, andthe benefits consortium is exempt from taxation and from insuranceregulations.