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What is a "public employer pooled plan" as that term is used in P.A. 106 of 2007?

A group of public employers may join together to provide medical, optical, and/or dental benefits to its employees on a self-insured basis.  Such a “pooled plan” must provide coverage to at least 250 employees.  A pooled plan must accept any public employer that applies to become a member and agrees to make the required payments, remain in the pool for three years, and satisfies other reasonable provision of the pooled plan.  A pooled plan does not constitute doing the business of insurance and is not subject to Michigan’s insurance laws except as provided in the Public Employees Health Benefit Act.