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Subcommittee advances bill allowing Tennessee banks to join multi-employer welfare arrangement
Summary
House Bill 329 passed the House Insurance Subcommittee on Feb. 12 to permit Tennessee banks to join an existing multi-employer welfare arrangement (MEWA), a pooled insurance model, with supporters citing cost savings and existing example in North Carolina.
The Tennessee House Insurance Subcommittee on Feb. 12 advanced House Bill 329, a bill to allow Tennessee banks access to a multi-employer welfare arrangement (MEWA) already operating in North Carolina, the bill’s sponsor said.
Sponsor Chairman Martin told the committee the MEWA — described in the hearing by acronym AMIWA — pools risk across…
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