1.The Commissioner may suspend or revoke any certificate of authority issued to an organization for dental care or impose a fine of not more than $500 for each violation if the Commissioner finds that:
(a)The organization is operating contrary to the information it submitted to the Commissioner for its certificate of authority;
(b)The organization issued a policy to a member which was not approved by the Commissioner;
(c)The plan for dental care does not provide basic services appropriate for such a plan;
(d)The organization can no longer meet its obligations to members or prospective members;
(e)The organization or any person on its behalf has advertised its plan in an untrue, misleading, deceptive or unfair manner; or
(f)The organization has failed to comply substantially with this chapter or the regulations of the Commissioner.
2.If the certificate of authority of an organization is suspended, the organization shall not, during the period of the suspension, accept any new members and shall not advertise for or solicit any new members.
3.If the certificate of authority of an organization is revoked, the organization shall proceed, immediately following the order, to terminate its affairs and shall conduct no other business. The Commissioner, by written order, may approve the continued operation of the organization for a specified time if the Commissioner finds that the members need that time to obtain coverage for dental care from another organization or insurer.
Section 695D.300 — Disciplinary actions; penalties.,