760 Ind. Admin. Code 1-68-13

Current through December 12, 2024

Section 760 IAC 1-68-13 - Enforcement

Authority: IC 27-1-34-9

Affected: IC 27-1-34

Sec. 13.

(a) The commissioner may deny, suspend, or revoke a certificate of registration if, after notice and a hearing, the commissioner finds that the MEWA has failed to meet the requirements of this rule or any applicable statute.

(b) The commissioner shall deny, suspend, or revoke the certificate of registration of a MEWA if the commissioner finds any of the following exist:

(1) The MEWA has a negative fund balance.

(2) The MEWA has refused to:

(A) be examined; or

(B) produce the MEWA's accounts, records, and files for examination; or any of the MEWA's officers have refused to give information with respect to the MEWA's affairs to perform any other legal obligation as to such examination when required by the commissioner.

(3) The MEWA has failed to pay a final judgment rendered against it in court within thirty (30) days.

(4) The MEWA no longer meets the requirements for the authority originally granted.

760 IAC 1-68-13

Department of Insurance; 760 IAC 1-68-13; filed Apr 15, 2003, 2:20 p.m.: 26 IR 3042; readopted filed Nov 24, 2009, 9:35 a.m.: 20091223-IR-760090791RFA

Readopted filed 11/20/2015, 9:25 a.m.: 20151216-IR-760150341RFA

Readopted filed 11/15/2021, 8:32 a.m.: 20211215-IR-760210419RFA