29 U.S.C. § 1150 — Applicability of State law to combat fraud and abuse

The Secretary^* may, for the purpose of identifying, preventing, or prosecuting fraud and abuse, adopt regulatory standards establishing, or issue an order relating to a specific person^* establishing, that a person engaged in the business of providing insurance through a multiple employer welfare arrangement^* described in section 1002(40) of this title is subject to the laws of the States in which such person operates which regulate insurance in such State^*, notwithstanding section 1144(b)(6) of this title or the Liability Risk Retention Act of 1986 [15 U.S.C. 3901 et seq.], and regardless of whether the law of the State is otherwise preempted under any of such provisions. This section shall not apply to any plan^* or arrangement that does not fall within the meaning of the term “multiple employer^* welfare arrangement” under section 1002(40)(A) of this title.