§431:8-317  Suspension or revocation of
license.  (a)  The commissioner may suspend, revoke, or refuse to extend
any surplus lines broker's license for any cause specified in any other
provision of this chapter, or for any of the following causes:



(1)  Failure to file the annual statement required by
section 431:8-313 or to pay the tax required by section 431:8-315;



(2)  Failure to keep records or to allow the
commissioner to examine the surplus lines broker's records as provided in this
article;



(3)  Removal of office accounts and records from this
State during the period in which the accounts are required to be maintained
under this article;



(4)  Any of the causes for which a producer's license
may be suspended or revoked under article 9A;



(5)  Any cause for which issuance of the license could
have been refused had it then existed and been known to the commissioner;



(6)  If the licensee wilfully violates or knowingly
participates in the violation of any provision of this code;



(7)  If the licensee has obtained or attempted to
obtain the license through wilful misrepresentation or fraud, or has failed to
pass any examination required by section 431:9A-105;



(8)  If the licensee has misappropriated, converted to
the licensee's own use, or illegally withheld moneys required to be held in a
fiduciary capacity;



(9)  If the licensee, with intent to deceive, has
materially misrepresented the terms or effect of any insurance contract, or has
engaged or is about to engage in any fraudulent transaction;



(10)  If the licensee has been guilty of any unfair
practice or fraud as defined in article 13;



(11)  If in the conduct of the licensee's affairs under
the license, the licensee has been a source of injury and loss to the public;



(12)  If the licensee issues or purports to issue any
binder as to any insurer named therein as to which the licensee is not then
authorized so to bind; or



(13)  If the licensee has dealt with, or attempted to
deal with, insurance or to exercise powers relative to insurance outside the
scope of the licensee's licenses.



(b)  The license of any partnership or
corporation may be suspended, revoked, or refused for any of the causes
applicable to any individual designated in the license to exercise the
partnership's or corporation's powers.



(c)  The holder of any license which has been
revoked or suspended shall surrender the license certificate to the
commissioner at the commissioner's request.



(d)  The procedures provided in article 9A for
the suspension or revocation of producer licenses shall apply to suspension or
revocation of a surplus lines broker's license.



(e)  No broker whose license has been revoked
shall again be licensed as a broker within one year thereafter, nor until any
fines or delinquent taxes owing by the broker have been paid. [L 1987, c 347,
pt of §2; am L 1989, c 195, §22; am L 2002, c 155, §20; am L 2003, c 212, §50;
am L 2006, c 154, §12]