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Code · Montana · Title 33 — Insurance and Insurance Companies · Chapter 35 · Part 3

33-35-302. Failure to comply.

180 words·~1 min read·/mt/title-33/chapter-35/part-3/33-35-302·

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33-35-302 . Failure to comply.
(1)Pursuant to 33-1-317 and 33-1-318 , the commissioner may impose sanctions against a self-funded multiple employer welfare arrangement that fails to comply with the provisions of this chapter. The maximum fine may not exceed $5,000 for each violation.
(2)The commissioner may issue a notice of intent to revoke the certificate of authority of a self-funded multiple employer welfare arrangement that fails to comply with the provisions of 33-35-209 , 33-35-210 , or 33-35-301 . If, within 60 days of receiving notice under this subsection, the arrangement fails to file with the commissioner a plan to bring the arrangement into compliance with 33-35-209 , 33-35-210 , or 33-35-301 , the commissioner may revoke the arrangement's certificate of authority. A revocation of a certificate of authority is a contested case under the Montana Administrative Procedure Act.
(3)The commissioner shall adopt rules to provide sanctions for an arrangement that fails to maintain the level of reserves required by 33-35-209 . The rules must be consistent with the provisions of Title 33, chapter 2, part 13.
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