29.1006 Revocation of certificate.

Cite as [A.S.C.A. § 29.1006]

The Commissioner may revoke a certificate of authority if in his opinion:

(1) the general insurance broker no longer meets the requirements for the authority;

(2) the general insurance broker knowingly exceeds its charter powers or powers granted under its certificate of authority; or

(3) the general insurance broker’s actions are not consistent with the public’s well being.

History: 1978, PL, 15-79 § 2.