26-3-117. Suspension and revocation of certificate of authority; order and notice of suspension.
(a) All suspensions or revocations of or refusals to continue an insurer's certificate of authority shall be by the commissioner's order given to the insurer.
(b) Upon issuance of an order, the commissioner shall immediately give notice thereof to the insurer's agents in this state of record in the department and shall suspend or revoke the authority of those agents to represent the insurer.
(c) The commissioner shall publish notice of any suspension, revocation or refusal to continue in a newspaper in general circulation.
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