Texas Labor Code - Section 407A.404. Revocation Of Certificate Of Approval
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§ 407A.404. REVOCATION OF CERTIFICATE OF APPROVAL. (a)
After notice and an opportunity for a hearing, the commissioner may
revoke a group's certificate of approval if the group:
(1) is found to be insolvent;
(2) fails to pay a tax, assessment, or special fund
contribution imposed on the group; or
(3) fails to comply in a timely manner with this
chapter, a rule adopted under this chapter, or an order of the
commissioner.
(b) In addition, the commissioner may revoke a group's
certificate of approval if, after notice and an opportunity for
hearing, the commissioner determines that:
(1) a certificate of approval issued to the group was
obtained by fraud;
(2) there was a material misrepresentation in the
application for the certificate of approval; or
(3) the group or its administrator has
misappropriated, converted, illegally withheld, or refused to pay
on proper demand any money that belongs to a member, an employee of
a member, or a person otherwise entitled to the money and that has
been entrusted to the group or its administrator in their fiduciary
capacities.
Added by Acts 2003, 78th Leg., ch. 275, § 1, eff. Sept. 1, 2003.
Section: 407A.352 407A.353 407A.354 407A.355 407A.401 407A.402 407A.403 407A.404 407A.451 407A.452 407A.453 407A.454 407A.455 407A.456 407A.457
Last modified: August 10, 2007
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