§ 26-3-115 — Suspension, revocation of certificate of authority; mandatory grounds; hearing required

(a) The commissioner shall refuse to continue or shall
suspend or revoke an insurer's certificate of authority if:
(i) That action is required by any provision of this
code;
(ii) A foreign insurer and it no longer meets the
capital and surplus requirements specified in W.S. 26-3-108, or
is otherwise unqualified;
(iii) A domestic insurer and it has failed to cure a
capital or surplus impairment within the time the commissioner
allows under this code, or is otherwise unqualified; or
(iv) The insurer's certificate of authority to
transact insurance is suspended or revoked by its state of
domicile, or state of entry into the United States if an alien
insurer.
(b) Notwithstanding W.S. 16-3-113, in case of insolvency
or impairment of required capital or surplus, or suspension or
revocation by another state, the commissioner shall refuse,
suspend or revoke the certificate of authority without a prior
hearing. In all other cases the commissioner shall refuse,
suspend or revoke the certificate of authority only after a
hearing, unless the insurer waives the hearing in writing.