§ 23-63-524 - Revocation, suspension, or nonrenewal of insurer's license. - Arkansas Statutes

23-63-524. Revocation, suspension, or nonrenewal of insurer's license.

(a) Whenever it appears to the Insurance Commissioner that any person has committed a violation of this subchapter 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 the insurer's license or authority to do business in this state for such period as the commissioner finds is required for the protection of policyholders or the public.

(b) Any determination shall be accompanied by specific findings of fact and conclusions of law.