§431:3-216  Mandatory refusal, suspension or
revocation provisions.  The commissioner shall suspend, revoke, or refuse
to extend an insurer's certificate of authority in addition to other grounds in
this code, if the insurer:



(1)  Is a domestic stock insurer and has assets less
in amount than its liabilities, including its capital stock less amounts
required for the class of insurance or combination of classes of insurance as a
liability, and has failed to make good such deficiency as required by the commissioner.



(2)  Is a domestic mutual or domestic reciprocal
insurer, and fails to make good a deficiency of assets as required by the
commissioner.



(3)  Is a foreign or alien insurer and no longer
qualifies or meets the requirements for the authority.



(4)  Knowingly exceeds its charter powers or its
certificate of authority. [L 1987, c 347, pt of §2]