§ 26-11-113 — Surplus lines broker's license; suspension or revocation; grounds; procedure

Wyoming § 26-11-113

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 11: NONADMITTED INSURANCE

Text

(a) The commissioner may, after appropriate notice and
opportunity for hearing pursuant to the Wyoming Administrative
Procedure Act and in accordance with W.S. 26-2-125 through
26-2-129, place on probation, suspend, revoke or refuse to issue
or renew any surplus lines broker's license or other license
issued under this title, or may levy a civil penalty in
accordance with W.S. 26-1-107 or any combination of actions for
any one (1) or more of the following causes:
(i) Repealed By Laws 2012, Ch. 37, § 3.
(ii) Repealed By Laws 2012, Ch. 37, § 3.
(iii) Removal of the resident surplus lines broker's
office from this state;
(iv) Removal of the resident surplus lines broker's
office accounts and records from this state during the period
during which the accounts and records are required to be
maintained under W.S. 26-11-116;
(v) Failure to make and file required reports when
due;
(vi) Failure to remit the tax on surplus lines
premiums as provided in this chapter;
(vii) Failure to maintain a bond as required by W.S.
26-11-114;
(viii) Violation of any provision of this chapter; or
(ix) For any cause for which an insurance license
could be denied, revoked, suspended or renewal refused under
chapter 9 of this title.
(b) The procedures provided by chapter 9 of this code for
suspension or revocation of licenses apply to suspension or
revocation of a surplus line broker's license.
(c) Upon suspending or revoking the broker's surplus line
license, the commissioner shall also suspend or revoke all other
licenses of or as to the same individual under this code.
(d) No broker whose license is suspended or revoked shall
again be licensed until any fines or delinquent taxes he owes
are paid, or, in case of revocation, until after expiration of
one (1) year from the date revocation is final.