***NOTE*** - The following section, does not take effect until July
1, 2012. (See SB253 in the 2011 Regular Session). For current
law, until July 1, 2012, refer to the code section in the Michie's
West Virginia Code, book number 10A (Chapter 32 to 33).
§33-27-11. Revocation, suspension or nonrenewal of insurer's
Whenever it appears to the commissioner that any person has
committed a violation of this article which makes the continued
operation of an insurer contrary to the interests of policyholders
or the public, the commissioner may, after giving notice and an
opportunity to be heard, determine to suspend, revoke or refuse to
renew such insurer's license or authority to do business in this
state for such period as he or she finds is required for the
protection of policyholders or the public: Provided, That any such
determination shall be accompanied by specific findings of fact and
conclusions of law.