58-24-62. Suspension of license of rating organization or insurer. The director may suspend the license of any rating organization or insurer that fails to comply with an order of the director after the time prescribed for an appeal therefrom has expired or the order has been affirmed on appeal. The director may determine when a suspension of license becomes effective. Any suspension remains in effect for the period fixed by the director, or until the order upon which the suspension is based is modified, rescinded, or reversed.
Source: SL 1966, ch 111, ch 15, § 16; SL 2014, ch 239, § 22.
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