34:15-77.7. Denial of application or revocation of consent
The commissioner shall have the authority to deny the application of any group of self-insurers to pay such benefits, or to revoke his consent for any group continuing to pay for good cause shown, including, but not limited to:
a. Failure to comply with regulations adopted by the commissioner or with any provisions of this act;
b. Failure to comply with a lawful order of the commissioner;
c. Deterioration of financial condition to such an extent that such deterioration would have an adverse affect on the ability of the self-insurance group to pay expected losses.
L.1983, c. 376, s. 8, eff. Nov. 10, 1983.
Section: Previous 34-15-77 34-15-77.1 34-15-77.2 34-15-77.3 34-15-77.4 34-15-77.5 34-15-77.6 34-15-77.7 34-15-77.8 34-15-78 34-15-79 34-15-79.1 34-15-80 34-15-81 34-15-82 Next
Last modified: October 11, 2016