There is a newer version of the New Jersey Revised Statutes
2009 New Jersey Code
TITLE 17 - CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Section 17:27A
17:27A-11 - Revocation, suspension, or nonrenewal of insurer's license
17:27A-11. Revocation, suspension, or nonrenewal of insurer's licenseWhenever it appears to the commissioner that any person has committed a violation of this chapter which makes the continued operation of an insurer contrary to the interests of policyholders or the public, the commissioner may, after giving notice and an opportunity to be heard, determine to suspend, revoke or refuse to renew such insurer's license or authority to do business in this State for such period as he finds is required for the protection of policyholders or the public. Any such determination shall be accompanied by specific findings of fact and conclusions of law.
L.1970, c. 22, s. 11, eff. April 3, 1970.
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