(a) Suspension or revocation of an insurer's certificate of authority shall be by the Insurance Commissioner's order given to the insurer as provided by ยง 23-61-109.
(b) The commissioner shall promptly also give notice of the suspension or revocation to the insurer's agents in this state of record in the commissioner's office.
(c) The insurer shall not solicit or write any new business in this state during the period of any suspension or revocation. Provided, however, the insurer shall be allowed to renew and service existing policies and contracts during the period of any suspension, unless limited by the commissioner by his or her order or by court order.
Section: Previous 23-63-204 23-63-205 23-63-206 23-63-207 23-63-208 23-63-209 23-63-210 23-63-211 23-63-212 23-63-213 23-63-214 23-63-215 23-63-216 23-63-218 NextLast modified: November 15, 2016