Sec. 131.26. Revocation, suspension, or non-renewal of company's license.
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/il/chapter-215/act-5/131-26A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 131.26. Revocation, suspension, or non-renewal of company's license. Whenever the Director determines that any person has committed a violation of this Article which makes the continued operation of a company contrary to the interests of policyholders or the public, the Director may, after notice and hearing suspend, revoke or refuse to renew the company's license or authority to do business in this State for such period as the Director finds is required for the protection of policyholders or the public. Any such determination must be accompanied by specific findings of fact and conclusions of law.