516E.6 - COMMISSIONER MAY PROHIBIT CERTAIN SALES -- INJUNCTION.
516E.6 COMMISSIONER MAY PROHIBIT CERTAIN SALES -- INJUNCTION. The commissioner shall issue an order instructing a provider, service company, or third-party administrator to cease and desist from selling or offering for sale service contracts if the commissioner determines that the provider, service company, or third-party administrator has failed to comply with a provision of this chapter. Upon the failure of a provider, service company, or third-party administrator to obey a cease and desist order issued by the commissioner, the commissioner may give notice in writing of the failure to the attorney general, who shall immediately commence an action against the provider, service company, or third-party administrator to enjoin the provider, service company, or third-party administrator from selling or offering for sale service contracts until the provider, service company, or third-party administrator complies with the provisions of this chapter, and the district court may issue the injunction.
Section History: Recent Form 85 Acts, ch 45, §6 CS85, §321I.6 98 Acts, ch 1189, §4; 2000 Acts, ch 1147, §15 C2001, §516E.6 2005 Acts, ch 70, §30