US Lawyer Database

§  3110. Withdrawal of any policy form. (a) Whenever by the provisions
of this chapter the superintendent is authorized to give approval of any
form of insurance policy or  contract,  the  superintendent  may,  after
notice  and  hearing  given  to the insurer that submitted such form for
approval, withdraw an approval previously given, if the use of such form
is contrary to the requirements applicable to such form at the  time  of
such   withdrawal.  Any  such  withdrawal  shall  be  effective  at  the
expiration of such period, not less than ninety days after the giving of
notice of  withdrawal,  as  the  superintendent  shall  in  such  notice
prescribe.

(b) Whenever by the provisions of this chapter an insurer may use a policy form without obtaining the prior approval of the superintendent, the superintendent may, after notice and hearing given to the insurer, order the insurer to cease using such policy form, if the use of such form is contrary to the requirements applicable to such form at the time of the effective date of such order. Any such order shall be effective at the expiration of such period, not less than ninety days after the giving of a notice of cessation, as the superintendent shall in such notice prescribe.