31A-16-115. Revocation, suspension, or nonrenewal of insurer's license.
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/ut/title-31a/chapter-16/31a-16-115A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 10/1/2015
31A-16-115. Revocation, suspension, or nonrenewal of insurer's license.
Whenever it appears to the commissioner that a person has committed a violation of this chapter that makes the continued operation of an insurer contrary to the interests of policyholders or the public, the commissioner may, after giving notice and an opportunity to be heard, suspend, revoke, or refuse to renew the insurer's license or authority to do business in this state for such period as the commissioner 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.
Enacted by Chapter 244 , 2015 General Session