11 NCAC 11D .0170. WRITTEN ORDER: HEARING ON REVOCATION OR SUSPENSION

(a)  If after concluding the hearing on the revocation or suspension of a foreign company's license as required by 11 NCAC 11D .0169, the company has not satisfied the Commissioner that the conditions which prompted the hearing have not been resolved or corrected, the Commissioner shall issue an order which shall, among other things, set forth a period of time, not to exceed 90 days, within which time the conditions which prompted the hearing shall have been resolved or corrected.

(b)  If at the expiration of the time period designated in the order said conditions have not been resolved or corrected, the company's license to transact business in the State of North Carolina shall be revoked or suspended and the Commissioner shall cause notice of the revocation or suspension to be published in accordance with the provisions of 11 NCAC 11D .0103.

 

History Note:        Authority G.S. 58-2-40; 58-3-100;

Eff. February 1, 1976;

Readopted Eff. February 28, 1978.