(a) The commissioner may declare a surplus lines insurer ineligible if the commissioner has reason to believe that:
- (1) Is in unsound financial condition or has acted in an untrustworthy manner;
- (2) No longer meets standards set forth in subsection (c) of this section;
- (3) Has willfully violated the laws of this state; or
- (4) Does not conduct a proper claims practice;
- (b) The commissioner shall promptly mail notice of all such declarations to each surplus lines licensee.