521A.12 Revocation, suspension, or nonrenewal of insurer’s license.
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 interest 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 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.
[C71, 73, 75, 77, 79, 81, §521A.12]
Structure Iowa Code
Chapter 521A - INSURANCE HOLDING COMPANY SYSTEMS
Section 521A.2 - Subsidiaries of insurers.
Section 521A.3 - Acquisition of control of or merger with domestic insurer.
Section 521A.4 - Registration of insurers — enterprise risk report.
Section 521A.6 - Examination — penalties — expenses.
Section 521A.6A - Supervisory colleges — assessment of insurers.
Section 521A.6B - Group-wide supervision of internationally active insurance groups.
Section 521A.7 - Confidential treatment.
Section 521A.10 - Sanctions and penalties.
Section 521A.11 - Receivership.
Section 521A.12 - Revocation, suspension, or nonrenewal of insurer’s license.