Revocation, suspension, amendment, or modification of a certificate of authority.

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  • (1) the special purpose financial captive insurance company consents to the revocation, suspension, amendment, or modification; or
  • (2) the commissioner shows by clear and convincing evidence that the revocation, suspension, amendment, or modification is necessary to avoid irreparable harm to:
    • (a) a special purpose financial captive insurance company; or
    • (b) a ceding insurer.




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