Effective 28 Aug 1987
354.717. Director, powers — financial examinations, when, by whom made and paid. — 1. The director, or any person authorized by him, may examine the financial condition and the affairs and management of any prepaid dental plan corporation whenever the director deems necessary.
2. The director, or any of his duly appointed agents, may compel the attendance before him, and may examine, under oath, the directors, officers, agents, employees, solicitors, or any person, in reference to the condition, affairs, management of the business, or any matters relating thereto. The director may administer oaths or affirmations, and shall have power to summon and compel the attendance of witnesses, and to require and compel the production of records, books, papers, contracts, or other documents if necessary.
3. The expense of any examination shall be assessed by the director against the prepaid dental plan corporation examined and the examination assessment shall be paid by the corporation, on the order of the director, directly to the person or persons rendering the service.
4. In lieu of making an examination, the director may accept a full report of the most recent examination of a foreign or alien prepaid dental plan corporation certified by the appropriate examining official of another state, territory, commonwealth or district of the United States.
--------
(L. 1987 S.B. 272 § 9)
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.