Section 58-18-91 - Suspension or revocation of authorization of multiple employer trust--Action in lieu of suspension or revocation

58-18-91. Suspension or revocation of authorization of multiple employer trust--Action in lieu of suspension or revocation.A multiple employer trust authorized under this chapter may have its authorization suspended or revoked by the director for violating any applicable provision of this title. The director may take action in lieu of suspension or revocation as though the trust were an insurer as provided by §58-4-28.1. Source: SL 2005, ch 272, §5; SL 2019, ch 212, §9.