Arkansas § 23-63-524 Revocation, suspension, or nonrenewal of insurer's license

Arkansas Statutes

§ 23-63-524 — Revocation, suspension, or nonrenewal of insurer's license

Arkansas § 23-63-524

Title23

This text of Arkansas § 23-63-524 (Revocation, suspension, or nonrenewal of insurer's license) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-63-524 (2026).

Text

(a)Whenever it appears to the Insurance Commissioner that any person has committed a violation of this subchapter 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, determine to suspend, revoke, or refuse to renew the insurer's license or authority to do business in this state for such period as the commissioner finds is required for the protection of policyholders or the public.

(b)Any determination shall be accompanied by specific findings of fact and conclusions of law.

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(a) Whenever it appears to the Insurance Commissioner that any person has committed a violation of this subchapter 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, determine to suspend, revoke, or refuse to renew the insurer's license or authority to do business in this state for such period as the commissioner finds is required for the protection of policyholders or the public. (b) Any determination shall be accompanied by specific findings of fact and conclusions of law.