The Insurance Commissioner shall refuse to continue or shall suspend or revoke the certificate of authority of any such insurer for any of the following causes:
(1) If, during the preceding calendar year, the insurer scaled and reduced its accrued beneficial claims by reason of insufficient yield of assessment or revenues;
(2) If the insurer has exceeded its powers;
(3) If the insurer has surplus of less than ten thousand dollars ($10,000) or has fewer than two thousand (2,000) members regularly paying their assessments; or
(4) For other causes specified in ยงยง 23-63-212 and 23-63-213.
Section: Previous 23-72-102 23-72-103 23-72-104 23-72-105 23-72-106 23-72-107 23-72-108 23-72-109 23-72-110 23-72-111 23-72-112 23-72-113 23-72-114 23-72-115 NextLast modified: November 15, 2016