Section 23-72-106 - Refusal, suspension, or revocation of certificate of authorityThe Insurance Commissioner shall refuse to continue or shall suspend or revoke the certificate of authority of any such insurer for any of the following causes:
(1) If, during the preceding calendar year, the insurer scaled and reduced its accrued beneficial claims by reason of insufficient yield of assessment or revenues;(2) If the insurer has exceeded its powers;(3) If the insurer has surplus of less than ten thousand dollars ($10,000) or has fewer than two thousand (2,000) members regularly paying their assessments; or(4) For other causes specified in §§ 23-63-212 and 23-63-213.Acts 1959, No. 148, § 561; A.S.A. 1947, § 66-4506.