Sec. 11. 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.
Formerly: Acts 1971, P.L.387, SEC.1.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 23. Regulation of Insurance Holding Company Systems
27-1-23-1.5. Dividend Payments; Notice; Content
27-1-23-2.6. Primary and Subsidiary Companies
27-1-23-5. Examination of Registered Insurer Records; Liability for Expenses; Noncompliance
27-1-23-5.1. Supervisory College
27-1-23-5.3. Internationally Active Insurance Group; Group Wide Supervisor
27-1-23-6. Confidential and Privileged Information; Sharing of Information; Requirements
27-1-23-8. Enjoining Violations; Seizure or Sequestration of Securities
27-1-23-8.1. Violations; Penalties
27-1-23-10. Seizure of Property of Domestic Insurer
27-1-23-10.5. Receiver's Right to Recover Upon Liquidation or Rehabilitation
27-1-23-11. Denial, Suspension, or Revocation of License or Authority to Do Business
27-1-23-12. Review of Actions of Commissioner; Stay; Mandamus