4.1417 Rejection-Notification.

Cite as [A.S.A.C. § 4.1417 ]

(a) A participation agreement shall be rejected if:

(1) the participation agreement is incomplete;

(2) an entry in the participation agreement is inconsistent with the plan or this chapter; or

(3) the applicant does not meet the eligibility requirements.

(b) If a participation agreement is rejected, the administrator shall promptly notify the applicant in writing of the rejection and the reason for the rejection.

History: Rule 11-87, eff 17 Jun 87.