TITLE 41

INSURANCE

CHAPTER 3

AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS

41-328.  Order and notice of suspension, revocation or refusal — Effect upon agents’ authority. (1) All suspensions or revocations of, or refusals to continue, an insurer’s certificate of authority shall be by the director’s order given to the insurer as provided by section 41-212.

(2)  Upon suspending or revoking or refusing to continue the insurer’s certificate of authority the director shall forthwith give notice thereof to the insurer’s agents in this state of record in the department, and shall likewise suspend or revoke the authority of such agents to represent the insurer.

(3)  In his discretion the director may likewise publish notice of such suspension, revocation or refusal in one or more newspapers of general circulation in this state.

History:

[41-328, added 1961, ch. 330, sec. 91, p. 645.]