2006 Louisiana Laws - RS 22:1939 — Revocation or suspension of licenses
§1939. Revocation or suspension of licenses
The commissioner may revoke or suspend any license required by this Part after a hearing duly called for that purpose which is conducted pursuant to the provisions of the Administrative Procedure Act. Causes for revocation or suspension shall be the following:
(1) Any judgment in favor of a policyholder or his heirs or assignees has become final and has not been paid in full within sixty days.
(2) In the opinion of the commissioner, the reserve for losses maintained by the insurer is insufficient to cover future losses.
(3) In the opinion of the commissioner, the insurer is insolvent.
(4) The insurer refuses to allow inspection provided by R.S. 22:1940.
Acts 1985, No. 563, §1.
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