California Insurance Code

§ 742.27

INS § 742.27 Effective Jan 1, 1995Div. 1 · Part 2 · Ch. 1 · Art. 4.7

Statute text

The department shall have the authority to revoke a certificate of compliance to any self-funded or partially self-funded multiple employer welfare arrangement if the department determines any of the following:

(a)The multiple employer welfare arrangement has failed, after written request by the commissioner, to remove or discharge any officer, director, trustee, or other employee who has been convicted of any crime involving fraud, dishonesty, or moral turpitude.

(b)The multiple employer welfare arrangement has unreasonably failed or refused to furnish any report or statement or has unreasonably refused the department access to its books or records as required by this article.

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Legislative history

Added by Stats. 1994, Ch. 1082, Sec. 1. Effective January 1, 1995.