§6614. Violations
In addition to any other penalties provided for by this Title and subject to this chapter: [PL 1993, c. 688, §1 (NEW).]
1. Civil penalty. An arrangement that fails to obtain and maintain a valid approval from the superintendent while operating or maintaining a multiple-employer welfare arrangement is subject to a civil penalty of not less than $5,000 or more than $50,000 for each violation; and
[PL 1993, c. 688, §1 (NEW).]
2. Cease and desist order. The superintendent may issue a cease and desist order if the superintendent finds a person operating or maintaining a multiple-employer welfare arrangement without a currently effective certificate of approval.
[PL 1993, c. 688, §1 (NEW).]
SECTION HISTORY
PL 1993, c. 688, §1 (NEW).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 81: MULTIPLE-EMPLOYER WELFARE ARRANGEMENTS
24-A §6603. General eligibility
24-A §6603-A. Employee leasing companies
24-A §6604. Filing requirements
24-A §6606. Deficiency in reserves, assets or reinsurance
24-A §6607. Trust deposit or surety bond
24-A §6609. Liability of participants
24-A §6611. Annual report; actuarial report
24-A §6612. Place of business; records maintenance
24-A §6613. Grounds for denial, suspension or revocation of arrangement