§ 384.065 — Revocation, suspension or refusal to renew license of licensee, grounds — notice — hearing.

Missouri § 384.065

• Jurisdiction: Missouri
• Title XXIV: BUSINESS AND FINANCIAL INSTITUTIONS
• Ch. 384: Surplus Lines Insurance

Text

The director may suspend, revoke, or refuse to renew the license of a surplus lines licensee after notice and hearing as provided under the applicable provisions of this state's laws upon any one or more of the following grounds:

(1)  Removal of the resident surplus lines licensee's office from this state;

(2)  Removal of the resident surplus lines licensee's office accounts and records from this state during the period during which such accounts and records are required to be maintained under section 384.059 ;

(3)  Closing of the surplus lines licensee's office for a period of more than thirty business days, unless permission is granted by the director;

(4)  Failure to make and file required reports;

(5)  Failure to transmit required tax on surplus lines premiums;

(6)  Violation of any provision of sections 384.011 to 384.071 ; or

(7)  For any cause for which an insurance license could be denied, revoked, suspended or renewal refused under section 375.141 .

Legislative History

(L. 1987 H.B. 700 § 19, A.L. 2004 S.B. 1299)