If any insurance company, corporation or other insurer fails to comply with the provisions
of this act, on or before March 1 of each year as herein provided, the certificate
of authority issued to said insurance company, corporation or other insurer to transact
business in this state may be canceled and revoked by the Office of Insurance Regulation
of the Financial Services Commission, and it is unlawful for any such insurance company,
corporation, or other insurer to transact business thereafter in this state unless
such insurance company, corporation, or other insurer shall be granted a new certificate
of authority to transact any business in this state, in compliance with provisions
of law authorizing such certificate of authority to be issued. The division is responsible for notifying the Office of Insurance Regulation regarding
any such failure to comply.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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