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, suspend, revoke, or refuse to renew that insurer’s license or authority to do business in this state for the period that he or she finds is required for the protection of policyholders or the public.
(Added by renumbering Section 1215.12 by Stats. 2012, Ch. 282, Sec. 13. (SB 1448) Effective January 1, 2013.)
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