515.145 Revocation of authority. If upon any examination, or upon information obtained from any witness produced or examined, the commissioner determines that a company has violated section 515.140, orif any officer, agent, or employee fails to appear or submit to examination after receivinga subpoena, the commissioner shall promptly issue an order revoking the authority of thecompany to transact business within this state, and the company shall not be permitted to dothe business of insurance in this state for one year. [C97, §1755; C24, 27, 31, 35, 39, §9013; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.134] 2003 Acts, ch 91, §39; 2007 Acts, ch 152, §40, 70CS2007, §515.1452008 Acts, ch 1074, §15Referred to in §515.152, 515.153 Sat Dec 23 00:47:51 2023 Iowa Code 2024, Section 515.145 (20, 0)
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