(1) All suspensions or revocations of, or refusal to continue, an insurer's certificate of authority shall be by the commissioner's order given to the insurer.
(2) Upon issuance of the order, the commissioner shall forthwith give notice thereof to the insurer's agents in this state of record in the department, and shall likewise suspend or revoke the authority of such agents to represent the insurer.
(3) In his or her discretion, the commissioner may likewise publish notice of such suspension, revocation or refusal in one (1) or more newspapers of general circulation in the state.