1. 1. If at any time the director has reason to believe that an eligible surplus lines insurer:

   1. (1) Is in unsound financial condition;
   2. (2) Is no longer eligible under section 384.021;
   3. (3) Has willfully violated the laws of this state; or
   4. (4) Does not make reasonably prompt payment of just losses and claims in this state or elsewhere; the director may declare it ineligible.
2. 2. The director shall promptly publish notice of all such declarations in any public electronic format.

(L. 1987 H.B. 700 § 5, A.L. 2009 H.B. 577)