Section 783.5 Of Article 6. Misrepresentation Of Policies From California Insurance Code >> Division 1. >> Part 2. >> Chapter 1. >> Article 6.

. If an insurer knowingly violates any provision of Sections 780 or 781, or knowingly permits any officer, agent, or employee so to do, the commissioner, after a hearing in accordance with the procedure provided in Section 704, may suspend the insurer's certificate of authority to do the class of insurance in respect to which the violation occurred.