Definitions

1. "Business plan" means the plan of operation of the health insurance purchasing cooperative. 2. "Commissioner" means the insurance commissioner. 3. "Group" means a collection of small employers subject to the requirements of North Dakota Century Code chapter 26.1-36.3 who elect to join together to form a group health insurance purchasing cooperative. It does not include an industrywide trade association meeting the exemption requirements outlined in subsection 15 of North Dakota Century Code section 26.1-36.3-07 or any other insurance purchasing group arrangements in existence prior to August 1, 1994. 4. "Health insurance purchasing cooperative" means a group of small employers who join together to purchase health insurance.