Sec. 6. (a) It shall be the duty of the department to examine every domestic multiple employer welfare arrangement at least every five (5) years or as often as the department in its discretion may deem necessary. The expense of the examination and or investigations of such arrangements shall be paid by the arrangement so examined.

     (b) The commissioner shall revoke or suspend:

Terms Used In Indiana Code 27-1-34-6

  • arrangement: refers to a multiple employer welfare arrangement. See Indiana Code 27-1-34-1
  • Commissioner: means the "insurance commissioner" of this state. See Indiana Code 27-1-2-3
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Department: means "the department of insurance" of this state. See Indiana Code 27-1-2-3
  • multiple employer welfare arrangement: means an entity other than a duly admitted insurer that establishes an employee benefit plan for the purpose of offering or providing accident and sickness or death benefits to the employees of at least two (2) employers, including self-employed individuals and their dependents. See Indiana Code 27-1-34-1
(1) the certificate of registration to do business in Indiana of any multiple employer welfare arrangement which refuses to permit such examination described in subsection (a); and

(2) any certificate of registration when any condition prescribed by law or regulation for the issuance or continuance of the certificate no longer exists.

As added by P.L.1-1992, SEC.149.

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