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.