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.

Terms Used In Arizona Laws 20-481.28

  • Insurer: means every person engaged in the business of making contracts of insurance except:

    (a) Agencies, authorities or instrumentalities of the United States, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia or a state or political subdivision of a state. See Arizona Laws 20-481

  • Person: means an individual, a corporation, a partnership, an association, a joint stock company, a trust, an unincorporated organization and any similar entity or any combination of the foregoing acting in concert but does not include any joint venture partnership exclusively engaged in owning, managing, leasing or developing real or tangible personal property. See Arizona Laws 20-481
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