Code of Maine Rules
02 - DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION
031 - BUREAU OF INSURANCE
Chapter 840 - PRIVATE PURCHASING ALLIANCES
Section 031-840-11 - Examination
Universal Citation: 02 ME Code Rules ยง 031-840-11
Current through 2024-13, March 27, 2024
Financial and performance audits or examinations of the alliance shall be conducted on a regular basis by the Superintendent. Reasonable costs of examinations or audits are to be paid by the alliance. After notice and opportunity for hearing, and for good cause shown, the Superintendent may impose conditions on licensure, or continued licensure to remedy compliance or performance problems; for example, the removal and replacement of managerial, marketing staff, or third-party contractors.
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