Sec. 7. If any domestic multiple employer welfare arrangement is insolvent or in imminent danger of insolvency, or fails or suspends operation between periods of examination authorized, it is a class A misdemeanor for the highest officer then actively in charge of such multiple employer welfare arrangement to knowingly fail to notify the department immediately of such condition, failure, or suspension.
As added by P.L.1-1992, SEC.149.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 34. Multiple Employer Welfare Arrangements
27-1-34-1. "Multiple Employer Welfare Arrangement"
27-1-34-1.5. Interlocal Cooperation Agreements
27-1-34-2. Certificate of Registration
27-1-34-3. Benefits Under an Employee Benefit Plan
27-1-34-5. Application of Insurance Law
27-1-34-6. Examination of Arrangements; Revocation or Suspension of Certificate of Registration
27-1-34-7. Insolvency; Notification of Department
27-1-34-8. Reinsurers and Insurance Producers; Multiple Employer Welfare Arrangement