Section 23-93-205 - Violations(a) The license of a provider shall remain in effect until revoked after notice and hearing upon written finding of fact by the State Insurance Department that the provider has: (1) Willfully violated any provision of this subchapter, or any rule promulgated under this subchapter;(2) Failed to file an annual disclosure statement or standard form of contract as required by the Continuing Care Provider Regulation Act, § 23-93-101 et seq.;(3) Delivered to a prospective resident a disclosure statement that makes an untrue statement or omits a material fact, and the provider, at the time of the delivery of the disclosure statement, had actual knowledge of the misstatement or omission;(4) Failed to comply with the terms of a cease and desist order issued pursuant to § 23-93-104; or(5) Has been determined by the department to be in a hazardous financial condition.(b) Findings of fact in support of revocation shall be accompanied by an explicit statement of the underlying facts supporting the finding.Amended by Act 2019, No. 315,§ 2783, eff. 7/24/2019.