2006 Utah Code - 31A-14-217 — Revocation of certificate of authority.

     31A-14-217.   Revocation of certificate of authority.
     Whenever there would be grounds for delinquency proceedings under Chapter 27 against a foreign insurer, if the foreign insurer were a domestic insurer, the commissioner may, after any proceeding authorized by Title 63, Chapter 46b, Administrative Procedures Act, revoke, suspend, or limit the foreign insurer's certificate of authority. This action does not affect insurance which has already been issued. The insurer remains subject to regulation until released under Section 31A-14-216.

Amended by Chapter 230, 1992 General Session