New Jersey Statutes
§ 17B:23-4 — Revocation of authority to do business
New Jersey·Title 17B INSURANCE
The authority of a foreign or alien insurer may be revoked, after notice and hearing, pursuant to the Administrative Procedure Act (P.L.1968, c. 410) and any rules adopted thereunder if it fails to comply with any provision of law obligatory upon it, or for any reason for which the commissioner may refuse to issue or renew its certificate of authority under section 17B:23-2 of this chapter, or when in the opinion of the commissioner its condition is unsound. L.1971, c. 144, s. 17B:23-4.
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Nearby Sections
11
§ 17B:23-10
Enforcement§ 17B:23-11
Excluded actions§ 17B:23-2
Prerequisites to admission§ 17B:23-3
Deposit by alien insurers§ 17B:23-4
Revocation of authority to do business§ 17B:23-5
Retaliatory provision.§ 17B:23-6
Purpose§ 17B:23-7
Definitions