§ 31A-13-107. Commissioner's remedies.

Latest version.

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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