41-3819 REVOCATION, SUSPENSION, OR NONRENEWAL OF INSURER'S LICENSE.
INSURANCE
CHAPTER 38
ACQUISITIONS OF CONTROL AND INSURANCE HOLDING COMPANY SYSTEMS
41-3819. Revocation, suspension, or nonrenewal of insurer’s license. Whenever it appears to the director that any person has committed a violation of the provisions of this chapter, which makes the continued operation of an insurer contrary to the interests of policyholders or the public, the director may, after giving notice and an opportunity to be heard, determine to suspend, revoke or refuse to renew such insurer’s license or authority to do business in this state for such period as he finds is required for the protection of policyholders or the public. Any such determination shall be accompanied by specific findings of fact and conclusions of law.