Maine § 24-A §6614 Violations

Maine Statutes

§ 24-A §6614 — Violations

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 81 MULTIPLE-EMPLOYER WELFARE ARRANGEMENTS

In addition to any other penalties provided for by this Title and subject to this chapter:

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

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.

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In addition to any other penalties provided for by this Title and subject to this chapter:
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
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.

Maine § 24-A §6614 (Violations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.