Cancellation by commissioner.

The commissioner may order the immediate cancellation of any policy the procuring or effectuation of which was accomplished through or accompanied by a violation of this code, except in cases where the policy by its terms is not cancellable by the insurer and the insured did not knowingly participate in any such violation.

[1947 c 79 § .18.31; Rem. Supp. 1947 § 45.18.31.]