Whenever it appears to the commissioner that any person has committed a violation of this chapter 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 such insurer's license or authority to do business in this state for such period as he 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.
Structure Code of Alabama
Chapter 29 - Insurance Holding Company Systems.
Section 27-29-1 - Definitions.
Section 27-29-2 - Subsidiaries and Affiliates of Domestic Insurers.
Section 27-29-3 - Acquisition of Control Of, or Merger With, Domestic Insurers.
Section 27-29-4 - Registration of Insurers.
Section 27-29-6 - Registered Insurers - Examination of Records, etc., of Insurer or Affiliates.
Section 27-29-6.1 - Registered Insurers - Supervisory Colleges.
Section 27-29-6.2 - Group-Wide Supervisor for Internationally Active Insurance Group.
Section 27-29-8 - Rules, Regulations, and Orders.
Section 27-29-10 - Violations and Penalties; Criminal Proceedings.
Section 27-29-11 - Delinquency Proceedings and Rehabilitation.
Section 27-29-11.1 - Recovery Rights of Receivers.
Section 27-29-13 - Judicial Review of Actions by Commissioner; Petition for Mandamus Against Same.