Insurer's failure to pay judgment; revocation of policy form
Sec. 5. If an insurer fails or refuses to pay a final judgment, except
during the pendency of an appeal, or fails, or refuses to comply with
this article, in addition to any other legal remedy, the commissioner
may also revoke the approval of the insurer's policy form until the
insurer pays the award or judgment or has complied with the violated
provisions of this article and has resubmitted its policy form and
received the approval of the commissioner.
As added by P.L.1-1998, SEC.13.
Last modified: May 24, 2006