Sec. 7. If any domestic multiple employer welfare arrangement is insolvent or in imminent danger of insolvency, or fails or suspends operation between periods of examination authorized, it is a class A misdemeanor for the highest officer then actively in charge of such multiple employer welfare arrangement to knowingly fail to notify the department immediately of such condition, failure, or suspension.
Ind. Code § 27-1-34-7
Insolvency; notification of department
Applied in 1 court decision — leading case Dennerline v. Atterholt (2008)
Most recently applied in Dennerline v. Atterholt (May 2008)
As added by P.L.1-1992, SEC.149.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.