Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 67.00 - Workers' Compensation Self-insurance Groups
Section 67.17 - Revocation of Certificates of Approval
Universal Citation: 211 MA Code of Regs 211.67
Current through Register 1531, September 27, 2024
(1) After notice and opportunity for a hearing, the Commissioner may revoke a group's certificate of approval if the group:
(a) is found to be insolvent;
(b) fails to pay any regulatory fee,
assessment, or special fund or trust fund contribution imposed on it under
M.G.L. c. 152, § 65;
(c) fails
to comply with any of the applicable provisions of
211 CMR 67.00, M.G.L. c. 152,
with any other applicable law or regulation, or with any lawful order of the
Commissioner.
(2) The Commissioner may revoke a group's certificate of approval in accordance with the provisions of M.G.L. c. 175, § 5 if the Commissioner finds that:
(a) any certificate of approval that was
issued to the group was obtained by fraud;
(b) there was a material misrepresentation in
the application for the certificate of approval; or
(c) the group or its administrator has
misappropriated, converted, illegally withheld, or refused to pay over on
proper demand any monies that belong to a member, an employee of a member, or a
person otherwise entitled thereto and that have been entrusted to the group or
its administrator in its fiduciary capacities.
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