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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

    Chapter 27a:

      Section: 17:27a-11: Revocation, suspension, or nonrenewal of insurer's license

           Whenever it appears to the commissioner that any person has committed a violation of this chapter which makes the continued operation of an insurer contrary to the interests of policyholders or the public, the commissioner may, after giving notice and an opportunity to be heard, determine to suspend, revoke or refuse to renew such insurer's license or authority to do business in this State for such period as he finds is required for the protection of policyholders or the public. Any such determination shall be accompanied by specific findings of fact and conclusions of law.

L.1970, c. 22, s. 11, eff. April 3, 1970.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 17:27a-11 (if available):



Court decisions that cite this statute: CLICK HERE.