(215 ILCS 5/131.26) (from Ch. 73, par. 743.26)
Sec. 131.26. Revocation, suspension, or non-renewal of company's license. Whenever the Director determines that any person has committed a
violation of this Article which makes the continued operation of a company
contrary to the interests of policyholders or the public, the Director may,
after notice and hearing suspend, revoke or refuse to renew the company's
license or authority to do business in this State for such period as the Director finds
is required for the protection of policyholders or the public. Any such
determination must be accompanied by specific findings of fact and
conclusions of law.
(Source: P.A. 98-609, eff. 1-1-14.)
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