§ 27-2-25. Notice of revocation or suspension of license.
The insurance commissioner shall give written notice to the company specifying the
date on which any revocation or suspension shall be effective, the term of any suspension,
and the ground for the revocation or suspension; provided, that if the ground for
revocation or suspension is that the company has violated any provision of law or
has failed to comply with its charter, the effective date of the revocation or suspension
shall be not less than ten (10) days from the date of issue of the notice, and the
particulars of the violation or failure to comply with its charter shall be specified
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§ 27-2-25. Notice of revocation or suspension of license.
The insurance commissioner shall give written notice to the company specifying the
date on which any revocation or suspension shall be effective, the term of any suspension,
and the ground for the revocation or suspension; provided, that if the ground for
revocation or suspension is that the company has violated any provision of law or
has failed to comply with its charter, the effective date of the revocation or suspension
shall be not less than ten (10) days from the date of issue of the notice, and the
particulars of the violation or failure to comply with its charter shall be specified
in the notice. The notice shall be served by registered or certified mail, sent postage
prepaid, and addressed to the company at its last home office address, or in the case
of a company of a foreign country, sent to its resident manager in the United States
or at the resident manager's last address appearing on the records of the insurance
commissioner. An affidavit of the insurance commissioner in any form as the commissioner
may prescribe, or of anyone authorized by the commissioner to give notice, appended
to a copy of the notice, that the notice has been mailed as provided in this section
shall be prima facie evidence that the notice has been duly given. The insurance commissioner
shall also cause notice of the revocation or suspension to be published in any manner,
as the commissioner may deem necessary for the protection of the public.