Utah Admin. Code R590-238-15 - Suspension or Revocation
(1) In addition
to the grounds in Section
31A-37-505, the commissioner may
suspend or revoke the license of a company or place a company on probation for
the following reasons:
(a) the company has
not commenced business according to its plan of operation within two years of
being licensed;
(b) the company
ceased to carry on insurance business in or from Utah; or
(c) at the request of the company.
(2) An action taken by the
commissioner shall be in accordance with Title 63G, Chapter 4, Utah
Administrative Procedures Act.
Notes
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