This Rule is promulgated under Ark. Code Ann. § 23-92-101(c)(3), as amended by Act 919 of 2019, and Ark. Code Ann. § 23-61-108(a)(1). Under Ark. Code Ann. § 23-92-101(c)(3), the Arkansas Insurance Commissioner (“Commissioner”) is authorized to issue rules regulating multiple employer trusts and multiple employer welfare arrangements (“MEWAs”) which are not fully-insured concerning: (a) the criteria and application for obtaining a certificate of authority from the State Insurance Department to conduct business in Arkansas; (b) the benefits to be offered;(c) financial requirements; (d) fees; (e) insolvency procedures; (f) examinations; (g) filing of forms and rates; (h) written disclosures and other consumer protections; (i) reporting requirements; (j) excess or stop loss insurance; and (k) other factors the Commissioner deems necessary for the effective regulation of multiple employer welfare trusts and multiple employer welfare arrangements that are not fully-insured.