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MS SB2704
Bill
AI Summary
- Allows Mississippi professional and trade associations to offer members self-funded health benefit plans regulated by another state or the federal government rather than Mississippi insurance laws
- Requires qualifying plans to demonstrate 3 years of continuous operation in their home jurisdiction and compliance with domiciliary state laws, ERISA requirements, and sound actuarial principles
- Mandates written disclosure to participants that plans are not regulated by the Mississippi Insurance Department and not covered by the Mississippi Life and Health Insurance Guaranty Association
- Requires annual certification by February 15th that plans continue meeting eligibility requirements, with failure grounds for suspension or revocation
- Takes effect October 1, 2026, and authorizes the Commissioner of Insurance to adopt implementing regulations
Legislative Description
Association Self-Funded Health Benefit Plan Act; enact.
Last Action
Approved by Governor
3/16/2026
Committee Referrals
Insurance2/13/2026
Insurance1/19/2026
Full Bill Text
No bill text available