(a) Whenever it appears to the Insurance Commissioner that any person has committed a violation of this subchapter which 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, determine to 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.
(b) Any determination shall be accompanied by specific findings of fact and conclusions of law.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 63 - Insurance Companies Generally
Subchapter 5 - Insurance Holding Company Regulatory Act
§ 23-63-502. Legislative findings
§ 23-63-505. Subsidiaries of insurer
§ 23-63-506. Control of or merger with domestic insurer — Filing requirements — Definition
§ 23-63-507. Control of or merger with domestic insurer — Exceptions
§ 23-63-508. Control of or merger with domestic insurer — Content of statement
§ 23-63-509. Control of or merger with domestic insurer — Alternative filing materials
§ 23-63-510. Control of or merger with domestic insurer — Approval by commissioner — Hearing
§ 23-63-511. Control of or merger with domestic insurer — Mailings
§ 23-63-513. Control of or merger with domestic insurer — Violations
§ 23-63-514. Registration of insurers
§ 23-63-515. Standards — Definition
§ 23-63-517. Confidential treatment
§ 23-63-519. Judicial review — Mandamus
§ 23-63-520. Voting of securities
§ 23-63-522. Criminal and civil proceedings
§ 23-63-524. Revocation, suspension, or nonrenewal of insurer's license
§ 23-63-525. Acquisitions involving insurers not otherwise covered — Definitions
§ 23-63-526. Acquisitions involving insurers not otherwise covered — Scope
§ 23-63-528. Acquisitions involving insurers not otherwise covered — Competitive standard
§ 23-63-529. Acquisitions involving insurers not otherwise covered — Orders and penalties
§ 23-63-530. Acquisitions involving insurers not otherwise covered — Inapplicable provisions
§ 23-63-531. Supervisory colleges
§ 23-63-532. Group-wide supervision of internationally active insurance groups