31(1)Upon written notice to the Superintendent and upon proof of an undisputed claim arising from loss insured against in the Province remaining unpaid for the space of sixty days after becoming due, or of a disputed claim, after final judgment and tender of a valid discharge, being unpaid, the Superintendent shall cancel the licence of the insurer; but the Superintendent shall first by registered letter mailed to the insurer at its chief agency or head office within the Province allow and require the insurer within ten days to show adequate cause why its licence should not be cancelled.

31(2)The Superintendent may revive the licence and the insurer may again carry on business if, within six months after notice to the Superintendent of the failure of the insurer to pay such an undisputed claim or the amount of such final judgment such undisputed claim or final judgment is paid and satisfied.