6-708

6-708. Denial; revocation or suspension of
license

A. If the superintendent finds that the applicant fails to meet any of the
conditions set forth in this article, he shall deny the application for a license. If an
application is denied or withdrawn, the superintendent shall retain the investigation fee
to cover the costs of investigating the applicant and return the license fee to the
applicant.

B. The superintendent may revoke or suspend any license issued under this article
for the following causes:

1. Conviction in any state of a felony or any crime involving breach of trust or
dishonesty.

2. Violating any of the provisions of this article or rules of the department.

3. Fraud or deceit in procuring the issuance of the license.

4. Insolvency, filing in bankruptcy, receivership, or assigning for the benefit of
creditors by any licensee or applicant for a license.

5. Failure to pay the annual license fee.

6. Entry of an order against the licensee by an administrative agency of this
state, the federal government or any other state or territory of the United States that
involves fraud, deceit or misrepresentation by the licensee and the facts relating to the
order indicate that it would be contrary to the interests of the public to permit that
person to be licensed or to control or manage a licensee.