Section 67.17 - Revocation of Certificates of Approval(1) After notice and opportunity for a hearing, the Commissioner may revoke a group's certificate of approval if the group: (a) is found to be insolvent;(b) fails to pay any regulatory fee, assessment, or special fund or trust fund contribution imposed on it under M.G.L. c. 152, § 65;(c) fails to comply with any of the applicable provisions of 211 CMR 67.00, M.G.L. c. 152, with any other applicable law or regulation, or with any lawful order of the Commissioner.(2) The Commissioner may revoke a group's certificate of approval in accordance with the provisions of M.G.L. c. 175, § 5 if the Commissioner finds that: (a) any certificate of approval that was issued to the group was obtained by fraud;(b) there was a material misrepresentation in the application for the certificate of approval; or(c) the group or its administrator has misappropriated, converted, illegally withheld, or refused to pay over on proper demand any monies that belong to a member, an employee of a member, or a person otherwise entitled thereto and that have been entrusted to the group or its administrator in its fiduciary capacities.Amended by Mass Register Issue 1320, eff. 8/26/2016.