§33-46A-9. Study of health plans, taxation, unemployment and labor laws; self-funded plans prohibited.
(a) The Joint Committee on Government and Finance shall, in consultation with the Insurance Commissioner, the Secretary of the Department of Revenue and the Secretary of the Department of Commerce, study the issue of PEO sponsorship of and involvement in employee health plans, including their role in insuring the uninsured and underinsured and their impact on the small group market, as well issues related to how the operation of PEOs affects other areas such as taxation and unemployment insurance. The Joint Committee shall report back to the Legislature on or before the thirty-first day of December, two-thousand eight on its findings, conclusions and recommendations, together with drafts of any legislation necessary to effectuate its recommendations.

(b) PEOs are expressly prohibited from self-funding health plans for covered employees.