Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 21.27.820 - Denial, nonrenewal, suspension, or revocation of surplus lines broker licenseIn addition to other action available under this title, the director may deny issuance of or not renew a license, or may suspend or revoke a license of a surplus lines broker issued under this chapter for any of the following causes:
(1) removal of the resident surplus lines broker's office from this state;(2) removal of the resident surplus lines broker's accounts and records from this state during the period within which the accounts and records are required to be maintained under this chapter;(3) removal of the nonresident surplus lines broker's accounts and records required to be maintained under this chapter from the location described in the license without prior approval of the director;(4) closing of the surplus lines broker's office for a period of more than 45 calendar days, unless permission is granted by the director;(5) failure to make a required report;(6) failure to transmit a required tax or fee on a surplus line premium to this state or a reciprocal state to which a tax is owing;(7) failure to maintain a required bond.