515.145 - REVOCATION OF AUTHORITY. - Iowa Statutes

515.145 REVOCATION OF AUTHORITY. If upon any examination, or upon information obtained from any witness produced or examined, the commissioner determines that a company has violated section 515.140, or if any officer, agent, or employee fails to appear or submit to examination after receiving a subpoena, the commissioner shall promptly issue an order revoking the authority of the company to transact business within this state, and the company shall not be permitted to do the business of insurance in this state for one year.          Section History: Early Form [C97, § 1755; C24, 27, 31, 35, 39, § 9013; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 515.134]          Section History: Recent Form 2003 Acts, ch 91, §39; 2007 Acts, ch 152, § 40, 70 CS2007, § 515.145 2008 Acts, ch 1074, §15 Referred to in § 515.152, 515.153