Section 31A-37a-202 - Revocation, suspension, amendment, or modification of a certificate of authorityExcept as provided in Sections 31A-37a-501 and 31A-37a-502, the commissioner may not revoke, suspend, amend, or modify a certificate of authority issued to a special purpose financial captive insurance company under this chapter or an order issued under Subsection 31A-37a-201(4) unless:
(1) the special purpose financial captive insurance company consents to the revocation, suspension, amendment, or modification; or(2) the commissioner shows by clear and convincing evidence that the revocation, suspension, amendment, or modification is necessary to avoid irreparable harm to: (a) a special purpose financial captive insurance company; orEnacted by Chapter 302, 2008 General Session.