SECTION 65L. Failure of insurer to comply with statutes, order or rule; revocation or suspension of licenses; injunction

If an insurer refuses or neglects to comply with any provision of sections sixty-five A to sixty-five K, inclusive, or with any lawful order or ruling made by the commissioner of insurance pursuant thereto, he shall issue an order to such insurer to show cause why it should not be proceeded against as hereinafter provided, and after due notice and a hearing shall make a finding thereon or order such insurer forthwith to comply. If the insurer is found by the commissioner of insurance to have refused or neglected to comply with any provision of sections sixty-five A to sixty-five K, inclusive, or with any lawful order or ruling made thereunder by the commissioner of insurance, he shall, in the case of a foreign company, revoke or suspend the license issued to it under section one hundred and fifty-one of chapter one hundred and seventy-five and the licenses issued to all of its agents under section one hundred and sixty-three of said chapter, as provided in and subject to all the provisions of section five of said chapter, until it shall comply with such order or ruling, and, in case of a domestic company, he shall apply to the supreme judicial court for an injunction and such court shall have jurisdiction to restrain such company from further transaction of its business until it shall comply with such order or ruling.