Title 33, Chapter 20, Section 11
( 33-20-11)
The Commissioner may refuse to issue, or after a hearing refuse to
renew, or revoke or suspend a health care corporation's certificate
of authority in addition to other grounds provided for in this title
if the corporation: (1) Violates any provision of this title other than the provisions of Code Section 33-20-12 as to which refusal, suspension, or revocation is mandatory; (2) Knowingly fails to comply with any lawful rule, regulation, or
order of the Commissioner; (3) Is found by the Commissioner to be in unsound condition or in
such condition as to render its further transaction of business in
this state hazardous to its subscribers or to the public; (4) As a general scheme or plot, without just cause compels
claimants to accept less than the amount due them or to bring
action against it to secure full payment of claims; (5) Refuses to be examined or to produce its accounts, records,
and files for examination by the Commissioner when required or
refuses to furnish such other additional information as the
Commissioner may deem advisable to consider the application for
renewal of the corporation's certificate of authority; (6) Fails to pay any final judgment rendered against it in this
state within 30 days after the judgment becomes final; or (7) Is affiliated with and under the same general management or
interlocking directorate or ownership as another insurer or person
which transacts direct insurance or other business in this state
without having a certificate of authority or otherwise being
authorized to do so, except as permitted under Chapter 5 of this
title. |