(a) Plan termination. If the commissioner determines
that an approved PEO's certificate of approval should be canceled,
the approved PEO must terminate its health benefit plan in compliance
with §13.580 of this title (relating to Withdrawal from Market).
The approved PEO must file its withdrawal plan within 30 days of receiving
the commissioner's written notice of suspension.
(b) Cancellation of certificate of approval. When an
approved PEO has fulfilled all requirements of its approved withdrawal
plan, the commissioner will cancel the approved PEO's certificate
of approval.
|