40-3311a. Same; suspension, revocation or refusal to renew certificate of authority. On and after July 1, 1993, when it appears to the commissioner of insurance that any person has committed a violation of this act which makes the continued operation of an insurer contrary to the interests of policyholders or the public, the commissioner of insurance 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 of insurance 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.
History: L. 1992, ch. 288, § 8; L. 2013, ch. 15, § 11; July 1.
Structure Kansas Statutes
Article 33 - Insurance Holding Companies
40-3301 Declaration of public interest and policy.
40-3303 Domestic insurer's acquisition of subsidiaries; authorized investments.
40-3308 Confidentiality of information and documents disclosed to or filed with commissioner.
40-3309 Rules, regulations and orders of commissioner; hearings.
40-3311 Violations of act; penalties.
40-3311a Same; suspension, revocation or refusal to renew certificate of authority.
40-3315 Liquidation or rehabilitation of insurer; what is recoverable by receiver.
40-3316 Supervisory college; powers of commissioner.
40-3318 Internationally active insurance groups; group-wide supervisor; powers.