Section 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.Utah Admin. Code R590-238-15
Amended by Utah State Bulletin Number 2015-20, effective 9/25/2015Adopted by Utah State Bulletin Number 2024-01, effective 12/22/2023Amended by Utah State Bulletin Number 2024-18, effective 9/10/2024