§58‑21‑95. Suspension, revocation or nonrenewal of surplus lineslicensee's license.
The Commissioner may suspend,revoke, or refuse to renew the license of a surplus lines licensee after noticeand hearing as provided under G.S. 58‑2‑70 upon any one or more ofthe following grounds:
(1) Removal of thesurplus lines licensee's office from this State;
(2) Removal of thesurplus lines licensee's office accounts and records from this State during theperiod during which such accounts and records are required to be maintainedunder G.S. 58‑21‑75;
(3) Closing of thesurplus lines licensee's office for a period of more than 30 business days,unless permission is granted by the Commissioner;
(4) Failure to make andfile required reports;
(5) Failure to transmitthe required tax on surplus lines premiums;
(6) Failure to maintainthe required bond;
(7) Violation of anyprovision of this Article; or
(8) For any other causefor which an insurance license could be denied, revoked, suspended, or renewalrefused under the Insurance Law. (1985, c. 688, s. 1.)
§58‑21‑95. Suspension, revocation or nonrenewal of surplus lineslicensee's license.
The Commissioner may suspend,revoke, or refuse to renew the license of a surplus lines licensee after noticeand hearing as provided under G.S. 58‑2‑70 upon any one or more ofthe following grounds:
(1) Removal of thesurplus lines licensee's office from this State;
(2) Removal of thesurplus lines licensee's office accounts and records from this State during theperiod during which such accounts and records are required to be maintainedunder G.S. 58‑21‑75;
(3) Closing of thesurplus lines licensee's office for a period of more than 30 business days,unless permission is granted by the Commissioner;
(4) Failure to make andfile required reports;
(5) Failure to transmitthe required tax on surplus lines premiums;
(6) Failure to maintainthe required bond;
(7) Violation of anyprovision of this Article; or
(8) For any other causefor which an insurance license could be denied, revoked, suspended, or renewalrefused under the Insurance Law. (1985, c. 688, s. 1.)
§58‑21‑95. Suspension, revocation or nonrenewal of surplus lineslicensee's license.
The Commissioner may suspend,revoke, or refuse to renew the license of a surplus lines licensee after noticeand hearing as provided under G.S. 58‑2‑70 upon any one or more ofthe following grounds:
(1) Removal of thesurplus lines licensee's office from this State;
(2) Removal of thesurplus lines licensee's office accounts and records from this State during theperiod during which such accounts and records are required to be maintainedunder G.S. 58‑21‑75;
(3) Closing of thesurplus lines licensee's office for a period of more than 30 business days,unless permission is granted by the Commissioner;
(4) Failure to make andfile required reports;
(5) Failure to transmitthe required tax on surplus lines premiums;
(6) Failure to maintainthe required bond;
(7) Violation of anyprovision of this Article; or
(8) For any other causefor which an insurance license could be denied, revoked, suspended, or renewalrefused under the Insurance Law. (1985, c. 688, s. 1.)
