515.144 Suspension and summary suspension. The commissioner may do one or more of the following:1. For a violation of Title XIII, subtitle 1, after a hearing provided pursuant to chapter 17A, order the suspension of the license or authority to transact the business of insurance withinthe state. 2. Upon three days’ notice, if the commissioner has reason to believe that there is imminent substantial risk to an insurer’s solvency, order the insurer to appear before thecommissioner and show cause why its license or authority to do insurance business withinthe state should not be suspended. At the hearing to show cause, the commissioner maysummarily suspend the license or authority of the insurer to do business within the state. 3. Summarily order an insurer to cease and desist from a violation, anticipated violation, or suspected violation of chapter 507B, 510, or 513A, if a hearing is provided pursuant tochapter 17A within thirty days of the summary cease and desist order. 91 Acts, ch 213, §29CS91, §515.902007 Acts, ch 152, §19CS2007, §515.144 Sat Dec 23 00:47:50 2023 Iowa Code 2024, Section 515.144 (20, 0)
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