HRS §431:4-114
Revoking a solicitation permit
This section explains when the insurance commissioner must or may cancel a solicitation permit. It covers who can ask for cancellation and the reasons the commissioner can act on their own. It is a narrow rule about permit revocation only.
everyone
The statute, as written — Revocation of solicitation permit
(a) The commissioner shall revoke a solicitation permit if requested in writing by: (1) A majority of the incorporators and at least two-thirds of the subscribers to stock or applicants for insurance in the proposed incorporated insurer or corporation; or (2) A majority of the subscribers of a proposed reciprocal insurer. (b) The commissioner may, for cause, modify a solicitation permit, or may, after a hearing, revoke any solicitation permit for: (1) Violation of this code; (2) Violation of the terms of the permit; (3) Violation of any proper order of the commissioner; or (4) Misrepresentation.
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