33-2-1122. Revocation, suspension, or nonrenewal of insurer's license. Whenever it appears to the commissioner that any person has committed a violation of this part that 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 a period that the commissioner finds is required for the protection of policyholders or the public. Any determination must be accompanied by specific findings of fact and conclusions of law.
History: En. Sec. 12, Ch. 64, L. 1971; R.C.M. 1947, 40-5520; amd. Sec. 1094, Ch. 56, L. 2009.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 2. Regulation of Insurance Companies
Part 11. Affiliation and Merger -- Holding Company Systems -- Own Risk and Solvency Assessment
33-2-1102. Authorization of subsidiaries
33-2-1105. Approval by commissioner -- hearings -- notice
33-2-1106. Exemptions -- violations -- jurisdiction
33-2-1107. through 33-2-1110 reserved
33-2-1111. Registration of insurers -- requisites -- termination
33-2-1112. Exemptions -- disclaimer -- violations
33-2-1113. Transactions with affiliates -- standards
33-2-1114. Dividends and other distributions -- commissioner approval
33-2-1116. Confidentiality of information
33-2-1119. Voting of securities -- prohibition -- injunction -- sequestration
33-2-1122. Revocation, suspension, or nonrenewal of insurer's license
33-2-1123. Judicial review -- mandamus
33-2-1124. Conflict with other laws
33-2-1125. Recovery of dividends
33-2-1126. through 33-2-1129 reserved
33-2-1133. Risk management framework required
33-2-1134. Own risk and solvency assessment required
33-2-1135. ORSA summary report
33-2-1136. ORSA exemptions -- conditions -- waiver -- override
33-2-1140. Groupwide supervision of internationally active insurance groups