West Virginia Code
Article 27. Insurance Holding Company Systems
§33-27-11. Revocation, Suspension or Nonrenewal of Insurer's License

Whenever it appears to the commissioner that any person has committed a violation of this article 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 or she finds is required for the protection of policyholders or the public: Provided, That any such determination shall be accompanied by specific findings of fact and conclusions of law.

Structure West Virginia Code

West Virginia Code

Chapter 33. Insurance

Article 27. Insurance Holding Company Systems

§33-27-1. Short Title

§33-27-2. Definitions

§33-27-2a. Subsidiaries of Insurers; Authorization; Investment Authority; Exemptions; Qualifications; Cessation of Controls

§33-27-3. Acquisition of Control of or Merger With Domestic Insurer; Filing Requirements; Statements; Alternative Filing Material; Approval by the Commissioner; Hearings; Notice; Mailings to Shareholders; Expenses; Exemptions; Violations and Jurisdic...

§33-27-3a. Acquisitions Involving Insurers Not Otherwise Covered; Definitions; Scope; Pre-Acquisition Notification and Waiting Period; Competitive Standard; Orders and Penalties

§33-27-4. Registration of Insurers; Information and Form Required; Summary of Changes to Registration Statement; Materiality; Reporting of Dividends to Shareholders; Information to Insurers; Termination of Registration; Consolidated Filing; Alternati...

§33-27-5. Standards; Adequacy of Surplus; Dividends and Other Distributions; Notice of Amendments or Modifications; Management of Domestic Insurers Subject to Registration

§33-27-6. Examination; Power of Commissioner; Access to Books and Records; Use of Consultants; Expenses; Compelling Production, Contempt and Payment of Fees, Mileage and Actual Expenses

§33-27-6a. Supervisory Colleges; Power of Commissioner; Expenses; Agreements

§33-27-6b. Group-Wide Supervision of Internationally Active Insurance Groups

§33-27-7. Confidential Treatment

§33-27-8. Injunctions; Prohibitions Against Voting Securities; Sequestration of Voting Securities

§33-27-9. Criminal Proceedings; Penalties; Orders; Fines; Disapproval of Dividends and Distributions

§33-27-10. Receivership

§33-27-11. Revocation, Suspension or Nonrenewal of Insurer's License

§33-27-12. Conflict With Other Laws

§33-27-13. Recovery

§33-27-14. Regulatory Authority