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name of the arrangement in a qualified financial institution by | | state or federally chartered financial institutions until such time | | as they are disbursed. |
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| | | Emergency clause. In view of the emergency cited in the preamble, | | this Act takes effect when approved. |
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| | | This bill provides that trust funds of a multiple-employer | | welfare arrangement must be held in this State until disbursed by | | the trust. It removes the requirement that a 3rd-party | | administrator of a multiple-employer welfare arrangement be | | domiciled in this State. |
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