(a) A multiple employer welfare arrangement (MEWA) licensed under Insurance Code Chapter 846, concerning Multiple Employer Welfare Arrangements, and this subchapter will be limited to providing any one or more of the benefits described as follows:(1) medical, dental, vision, surgical, or hospital care;(2) benefits in the event of sickness, accident, disability, or death; and(3) any other benefit authorized for health insurers in this state.(b) A MEWA may only provide benefits to active or retired owners, officers, directors, or employees of or partners in participating employers, or the beneficiaries of such persons, except as may otherwise be limited by provisions of the Employer Retirement Income Security Act of 1974 (29 United States Code §1001 et seq.).