Section 27-7-21

Licenses - Notice of refusal to renew or of suspension or revocation.

Upon refusal to renew or upon suspension or revocation of any license, the commissioner shall forthwith give written notice thereof to the licensee and all persons and insurers represented by the licensee and of record in the commissioner's office. The notice shall state the grounds for the commissioner's action. If a proceeding as provided for in Section 27-7-37 has not already been had as to such action, upon written demand of any interested party feeling aggrieved and filed with the commissioner within 10 days after the above notice, the commissioner shall institute a complaint against the licensee under Section 27-7-37 within 10 days after receipt of the demand.

(Acts 1957, No. 530, p. 726, §9; Acts 1971, No. 407, p. 707, §153.)