29.1006 Revocation of certificate.
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.