Guam § 15108 - Suspension.
Full text of Guam Guam Code Annotated § 15108 — Suspension., with citation guidance and answers to common questions.
§ 15108. Suspension.
(a) Whenever the Commissioner shall order the suspension
of a certificate, such suspension shall be for a period of not more
than ninety (90) days.
(b) The period of suspension set by the Commissioner shall
run from the date the order becomes final.
(c) The Commissioner may grant an additional period of
suspension not to exceed thirty (30) days, to run from the last days
of original suspension period on application of the insurer and a
showing of good cause.
(d) After the period of suspension has run, the Commissioner
shall either reinstate or revoke the certificate, depending on
whether the insurer remedied the reasons for such suspension.
(e) It shall be unlawful for an insurer whose certificate is
under suspension to transact new insurance in Guam during such
period of suspension, but it shall continue in business solely for
the benefit of its policy holders and claimants under insurance
effected while its certificate was valid and in force.
Frequently Asked Questions About Guam § 15108
What does Guam Code Annotated § 15108 cover?
Section 15108 ("Suspension.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 15108?
A common citation format is "Guam Code Annotated § 15108" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 15108 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.