An insurer whose certificate of authority has been suspended, revoked, or refused may subsequently be authorized if:

(1) The grounds for the suspension, revocation, or refusal no longer exist and the insurer is otherwise fully qualified; and
(2) The insurer has reimbursed the commissioner for all reasonable and necessary expenses incurred by virtue of the suspension, revocation, or reinstatement of the certificate of authority.

  Previous
Next  
 Part II Contents