§431:4-114  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. [L 1987, c 347, pt of §2]