US Laws, Codes, Statutes & Cases

§33-2-11. Enforcement of orders; revocation of licenses; court action.

In addition to examinations and investigations expressly authorized by this chapter, the commissioner may conduct such examinations and investigation of insurance matters as he may deem proper to determine whether any person has violated any provision of this chapter or to secure information useful in the lawful administration of his duties. If the commissioner determines, after notice and hearing, that any person is transacting insurance in an illegal, improper or unjust manner or is failing to pay losses and obligations when they become due, excepting claims to which there is a substantial defense, he may order such person to discontinue such illegal, improper or unjust manner of transacting insurance or may order such person to adjust and pay his obligations as they become due. If any person shall fail or refuse within twenty days after notice to obey such order, the commissioner may revoke any license issued by him and held by such person and in addition may apply to the circuit court, or the judge thereof in vacation, having jurisdiction for an injunction or the appointment of a receiver, or for both, and such court or judge may enforce such order of the commissioner by injunction or by appointment of a receiver to take charge of the affairs and property of such person, or both, and may make such further orders as may be necessary and proper to effectuate such injunction or receivership.