31A-13-107 - Commissioner's remedies.
31A-13-107. Commissioner's remedies.
If the trustees of any employee welfare fund have failed to register the fund in accordancewith Section 31A-13-103, or otherwise fail to comply with this chapter, the commissioner shallnotify the employers of the failure. In addition to ordering compliance under Subsection31A-2-201(4), the commissioner may:
(1) order the employers to stop making payments to the trustees until the employers arenotified by the commissioner that the trustees are in compliance with this chapter; or
(2) rehabilitate or liquidate the employee welfare fund under Chapter 27a, InsurerReceivership Act.
Amended by Chapter 309, 2007 General Session