2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515 - INSURANCE OTHER THAN LIFE
515.144 - SUSPENSION AND SUMMARY SUSPENSION.

        515.144  SUSPENSION AND SUMMARY SUSPENSION.
         The commissioner may do one or more of the following:
         1.  For a violation of Title XIII, subtitle 1, after a hearing
      provided pursuant to chapter 17A, order the suspension of the license
      or authority to transact the business of insurance within the state.

         2.  Upon three days' notice, if the commissioner has reason to
      believe that there is imminent substantial risk to an insurer's
      solvency, order the insurer to appear before the commissioner and
      show cause why its license or authority to do insurance business
      within the state should not be suspended.  At the hearing to show
      cause, the commissioner may summarily suspend the license or
      authority of the insurer to do business within the state.
         3.  Summarily order an insurer to cease and desist from a
      violation, anticipated violation, or suspected violation of chapter
      507B, 510, or 513A, if a hearing is provided pursuant to chapter 17A
      within thirty days of the summary cease and desist order.  

         91 Acts, ch 213, §29
         CS91, § 515.90
         2007 Acts, ch 152, § 19
         CS2007, § 515.144