Michigan Compiled Laws § 500.1379 Violation Of Chapter; Suspension, Revocation Or Refusal To Renew License.

500.1379 Violation of chapter; suspension, revocation or refusal to renew license.

Sec. 1379.

When 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, after giving notice and an opportunity to be heard, may determine to suspend, revoke or refuse to renew the insurer's license or authority to do business in this state for such period as he finds is required for the protection of policyholders or the public. Any such determination shall be accompanied by specific findings of fact and conclusion of law.

History: Add. 1970, Act 136, Imd. Eff. July 29, 1970
Popular Name: Act 218

Section: Previous  500.1343  500.1344  500.1351  500.1355  500.1357  500.1361  500.1365  500.1367  500.1368  500.1371  500.1375  500.1377  500.1378  500.1379  

Last modified: October 10, 2016