California Insurance Code 140 – The commissioner may order a purchasing group or risk retention group …
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The commissioner may order a purchasing group or risk retention group to cease and desist from the solicitation or sale of insurance by, or the operations of, a risk retention group or purchasing group whose officers, organizers, or directors have engaged in any of the acts or omissions set forth in subdivision (a) of Section 1668.5. That order shall be made in accordance with the procedures set forth in Article 14.5 (commencing with Section 1065.1) of Chapter 1 of Part 2.
(Amended by Stats. 1991, Ch. 1040, Sec. 7.)
Terms Used In California Insurance Code 140
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20