17B:23-4 - Revocation of authority to do business - New Jersey Statutes

17B:23-4.  Revocation of authority to do business
    The authority of a foreign or alien insurer may be revoked, after notice and  hearing, pursuant to the Administrative Procedure Act (P.L.1968, c. 410) and  any rules adopted thereunder if it fails to comply with any provision of law  obligatory upon it, or for any reason for which the commissioner may refuse to  issue or renew its certificate of authority under section 17B:23-2 of this  chapter, or when in the opinion of the commissioner its condition is unsound.

     L.1971, c. 144, s. 17B:23-4.