Montana § 33-2-313 Revocation Or Suspension Of License

Montana Statutes

§ 33-2-313 — Revocation Or Suspension Of License

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 2 REGULATION OF INSURANCE COMPANIES·Part 3 Authorization of Surplus Lines Insurers, Insurance Producers, and Insurance

33-2-313 . Revocation or suspension of license.

(1)The commissioner shall revoke or suspend any surplus lines insurance producer's license, together with any license as an insurance producer:

(a)if the insurance producer fails to file a tax and fee statement or to remit the tax and fee as required by law;

(b)if the insurance producer fails to keep the records or to allow the commissioner to examine the records, as required by law;

(c)if the insurance producer falsifies the submission form required by 33-2-310 ;

(d)if the insurance producer closes the surplus lines insurance producer office for a period of more than 30 business days, unless the commissioner grants permission otherwise;

(e)if the insurance producer violates any provision of this part; or

(f)for any of the causes for w

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33-2-313 . Revocation or suspension of license. (1) The commissioner shall revoke or suspend any surplus lines insurance producer's license, together with any license as an insurance producer:
(a) if the insurance producer fails to file a tax and fee statement or to remit the tax and fee as required by law;
(b) if the insurance producer fails to keep the records or to allow the commissioner to examine the records, as required by law;
(c) if the insurance producer falsifies the submission form required by 33-2-310 ;
(d) if the insurance producer closes the surplus lines insurance producer office for a period of more than 30 business days, unless the commissioner grants permission otherwise;
(e) if the insurance producer violates any provision of this part; or
(f) for any of the causes for which an insurance producer's license may be revoked.
(2) The procedures provided by 33-17-1001 for the suspension, revocation, or refusal to license or renew a license or for imposing a fine on an insurance producer or applicant apply to the suspension, revocation, or refusal to license or renew a license or to imposing a fine on a surplus lines insurance producer or applicant.
(3) An insurance producer whose license has been revoked or suspended may not again be licensed within 1 year after revocation or suspension or until the insurance producer pays all penalties and delinquent taxes that are owed.

Montana § 33-2-313 (Revocation Or Suspension Of License) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

En. Sec. 197, Ch. 286, L. 1959; R.C.M. 1947, 40-3422; amd. Sec. 16, Ch. 537, L. 1987; amd. Secs. 1, 2, Ch. 713, L. 1989; amd. Sec. 7, Ch. 451, L. 1993; amd. Sec. 23, Ch. 227, L. 2001; amd. Sec. 12, Ch. 350, L. 2011.