Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS HEADING: PL 1997, C. 457, §23 (NEW); 2001, C. 259, §1 (RPR)
Subchapter 2: GENERAL LICENSING REQUIREMENTS FOR PRODUCERS, ADJUSTERS, CONSULTANTS AND BUSINESS ENTITIES HEADING: PL 1997, C. 457, §23
(NEW); 2001, C. 259, §10 (RPR)
§1418. Relicensing after revocation; refusal of license
1.Relicensing. The superintendent may not issue a license under this Title to a person whose license has been revoked until at least one
year has expired from the effective date of that revocation. If the licensee pursues an appeal from the superintendent's
decision, the superintendent may not consider issuance of a new license until at least one year from the date of a final
court order affirming that revocation. The license applicant shall reestablish qualification for the license in accordance
with the applicable provisions of this Title. The superintendent may refuse any such new license applications unless the
applicant shows good cause why the prior revocation should not be deemed a bar to the issuance of a new license.
[
1997, c. 457, §23 (NEW);
1997, c. 457, §55 (AFF)
.]
2.Ineligibility for relicensing. A person whose license has been revoked twice pursuant to section 1417 or section 1420-K may not again be eligible for any
license under this Title.
[
2001, c. 259, §22 (AMD)
.]
3.Business entity relicensing. If the license of a business entity is suspended or revoked pursuant to section 1417 or section 1420-K, an officer, director
or member of that entity may not be licensed as an insurance producer, adjuster or consultant during the period of that suspension
or revocation unless the superintendent determines that member, officer or director was not personally at fault and did not
acquiesce in the matter for which the license was suspended or revoked.
[
2001, c. 259, §22 (AMD)
.]
SECTION HISTORY
1997, c. 457, §23 (NEW).
1997, c. 457, §55 (AFF).
2001, c. 259, §22 (AMD).
Data for this page extracted on 11/09/2009 11:20:25.