6-1409. Effect of revocation, suspension or
surrender on preexisting contracts; impairment of contracts


A. A revocation, suspension or surrender of any license does not impair or affect
the obligation of any preexisting premium finance agreement between any licensee and
insured.


B. If any provision of this article is amended or repealed in a manner that results
in a cancellation of any license or right of a licensee to service premium finance
agreements the cancellation does not impair or affect the obligation of any preexisting
premium finance agreement between the licensee and the insured.