17:35-24 - Revocation of authority - New Jersey Statutes

17:35-24.  Revocation of authority
    If the commissioner is satisfied that the corporation or association is not  paying in full the maximum amount named in its policies or certificates, or  that it is conducting its business fraudulently, or that it is not carrying out  its contracts with its policy or certificate holders in good faith, or if its  officers fail to reply to any inquiries addressed to them by the commissioner  under section 17:35-21 of this title, he shall refuse the application for  admission or forthwith revoke all authority previously given to it and its  agents, to do business in this state, and shall publish the revocation in a  newspaper or newspapers published therein.  No business shall thereafter be  done by the corporation or association or its agents in this state.