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Insurance Code | |
Employee Welfare Funds and Plans | |
Section 107 | Commissioner's remedies. |
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31A-13-107. Commissioner's remedies. If the trustees of any employee welfare fund have failed to register the fund in accordance with Section 31A-13-103, or otherwise fail to comply with this chapter, the commissioner shall notify the employers of the failure. In addition to ordering compliance under Subsection 31A-2-201(4), the commissioner may: (1) order the employers to stop making payments to the trustees until the employers are notified by the commissioner that the trustees are in compliance with this chapter; or (2) rehabilitate or liquidate the employee welfare fund under Chapter 27a, Insurer Receivership Act.
Amended by Chapter 309, 2007 General Session |
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