Current through 2024 First Special Session
Section 33-12C-6 - Withdrawal of eligibility as a surplus lines insurer(a) The commissioner may declare a surplus lines insurer ineligible if the commissioner has reason to believe that: (1) Is in unsound financial condition or has acted in an untrustworthy manner;(2) No longer meets standards set forth in subsection (c) of this section;(3) Has willfully violated the laws of this state; or(4) Does not conduct a proper claims practice;(b) The commissioner shall promptly mail notice of all such declarations to each surplus lines licensee.