6-1210

6-1210. Suspension or revocation of
licenses

The superintendent may suspend or revoke a license if the superintendent finds any
of the following:

1. The licensee has made a material misstatement or suppressed or withheld
information on an application for a license or any document required to be filed with the
superintendent.

2. A fact or condition exists that, if it had existed or had been known at the time
the licensee applied for its license, would have been grounds for denying the
application.

3. The licensee is insolvent as defined in section 47-1201.

4. The licensee has violated any provision of title 13, chapter 23, this chapter or
rules adopted pursuant to this chapter or any order of the superintendent.

5. An authorized delegate of the licensee has violated any provision of title 13,
chapter 23, this chapter or rules adopted thereunder or any order of the superintendent
as a result of a course of negligent failure to supervise or as a result of the wilful
misconduct of the licensee.

6. The licensee refuses to permit the superintendent or the attorney general to
make any examination authorized by this title.

7. The licensee knowingly fails to make any report required by this chapter.

8. The licensee fails to pay a judgment entered in favor of a claimant, plaintiff
or creditor in an action arising out of the licensee's business regulated under this
article within thirty days after the judgment becomes final or within thirty days after
expiration or termination of a stay of execution or other stay of proceedings, whichever
is later. If execution on the judgment is stayed by court order, operation of law or
otherwise, proceedings to suspend or revoke the license for failure of the licensee to
comply with that judgment may not be commenced by the superintendent under this
subsection until thirty days after that stay.

9. The licensee has been convicted in any state of a felony or of any crime
involving a breach of trust or dishonesty.