Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 151.00 - Certified Group Purchasing Cooperatives
Section 151.14 - Suspension or Revocation of Certification of Group Purchasing Cooperative

Universal Citation: 211 MA Code of Regs 211.151
Current through Register 1531, September 27, 2024

If any certified Group Purchasing Cooperative is in a financially unsound condition, or if it substantively fails to comply with any of the requirements of M.G.L. c. 176J, 211 CMR 151.00, or any other provision of law or regulation, the Commissioner may, after a hearing, suspend or revoke the certification of such Group Purchasing Cooperative. Upon suspension or revocation of the certification of a Group Purchasing Cooperative, the Commissioner shall take steps, if necessary, to manage transfer of coverage of Eligible Association Members and Qualified Association Members' Eligible Employees and Eligible Dependents that are covered under Health Benefit Plans offered by said Group Purchasing Cooperative.

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