Section 10-2-803 - Notice of penalty, suspension, termination, revocation, or denial(1) The commissioner shall promptly notify any insurance producer licensee regarding any penalty assessed, suspension, revocation, termination, or denial of the licensee's license by the commissioner.(2) Upon assessment of a penalty, suspension, revocation, or termination of the license of a resident licensee, the commissioner shall notify the central office of the national association of insurance commissioners or its affiliate or subsidiary.L. 93: Entire article R&RE, p. 1373, § 1, effective 1/1/1995. L. 2001: Entire section amended, p. 1212, § 35, effective 1/1/2002.