§33-3-10 Mandatory refusal, revocation or suspension. - West Virginia Statutes

§33-3-10. Mandatory refusal, revocation or suspension.
The commissioner after notice and hearing shall refuse to renew or shall revoke or suspend the license of any insurer:

(a) If such action is required by any provision of this chapter;

(b) If the insurer no longer meets the requirements for the license originally granted, because of deficiency of assets or otherwise.