Revocation of certificate of foreign company.

The commissioner of insurance may examine the condition and affairs of any insurance company, as provided for in this chapter , doing business in this state, not organized under its laws, or cause such examination to be made by a person appointed by the commissioner having no interest in any insurance company; and if it appears to the commissioner’s satisfaction that the affairs of a company are in an unsound condition or that a company has failed to maintain the capital and surplus required by section 515.69 , the commissioner shall revoke or suspend the certificates granted in its behalf. [C73, §1152; C97, §1735; C24, 27, 31, 35, 39, § 8968; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §515.89 ] 91 Acts, ch 213, §28 ; 2007 Acts, ch 152, §18 CS2007, §515.143