20-481.28. Insurer's license; revocation; suspension; nonrenewal If it appears to the director that a person has committed a violation of this article which makes the continued operation of an insurer contrary to the interests of policyholders or the public, the director, after giving notice and an opportunity to be heard, may suspend, revoke or refuse to renew the insurer's license or authority to do business in this state for a period he finds is required for the protection of policyholders or the public. The director shall accompany this determination by specific findings of fact and conclusions of law.
Arizona Legal Code