N.J.S.A 17:47-11. Revocation or suspension of certificate of authority

17:47-11. Revocation or suspension of certificate of authority

The certificate of authority issued hereunder to any association of underwriters may be revoked or suspended if it violates or neglects to comply with any provision of law obligatory upon it, or when its net cash or invested funds are reduced below the minimum specified in paragraph “h” of section 17:47-3. Declaration filed with commissioner of this title.

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