§ 27-35-11. 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 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 any period that he or she finds is required for the protection of policyholders or the public. That determination shall be accompanied by specific findings of fact and conclusions of law.
History of Section.P.L. 1971, ch. 273, § 1.
Structure Rhode Island General Laws
Chapter 27-35 - Insurance Holding Company Systems
Section 27-35-1. - Definitions.
Section 27-35-1.5. - Subsidiaries of insurer.
Section 27-35-2. - Acquisition of control of or merger with domestic insurer.
Section 27-35-2.5. - Acquisitions involving insurers not otherwise covered.
Section 27-35-3. - Registration of insurers.
Section 27-35-4. - Standards and management of an insurer within a holding company system.
Section 27-35-5. - Examination.
Section 27-35-5.5. - Group supervision.
Section 27-35-6. - Confidential treatment.
Section 27-35-7. - Rules and regulations.
Section 27-35-10. - Receivership.
Section 27-35-10.5. - Recovery.
Section 27-35-11. - Revocation, suspension, or nonrenewal of insurer’s license.
Section 27-35-12. - Judicial review — Mandamus.