California Insurance Code

§ 742.37

INS § 742.37 Effective Jan 1, 1995Div. 1 · Part 2 · Ch. 1 · Art. 4.7

Statute text

(a)The commissioner may suspend the certificate of compliance of a holder thereof for not exceeding one year whenever he or she finds, after proper hearing following notice, that the person engages in any of the following practices:

(1)Conducting its business fraudulently.

(2)Not carrying out its contracts in good faith.

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Legislative history

Added by Stats. 1994, Ch. 1082, Sec. 1. Effective January 1, 1995.