(iii) the licensee's methods and practices in the conduct of business endanger the
legitimate interests of policyholders, insurers, or the public.
(b) An order suspending a license issued under this chapter shall specify the period
of suspension, but in no event may the suspension period exceed 12 months.
(3)(a) Any license issued under this chapter shall lapse if the licensee fails to
pay a fee when due.
(b) A license that lapses under this Subsection (3) may be reinstated if the licensee,
within 90 calendar days from the day the license lapsed, pays twice the usual license
(4) A licensee whose license is suspended or revoked, but who continues to act as
a licensee is subject to the penalties applicable to violating Subsection 31A-19a-301(1).
(5)(a) An order revoking a license under Subsection (2) may specify a time, not to
exceed five years, within which the former licensee may not apply for a new license.
(b) If under Subsection (5)(a) no time is specified, the former licensee may not apply
for five years, without the express approval of the commissioner.
(6)(a) Any person whose license is suspended or revoked shall, when the suspension
ends or a new license is issued, pay all fees that would have been payable if the
license had not been suspended or revoked, unless the commissioner, by order, waives
the payment of the interim fees.
(b) If a new license is issued more than three years after the revocation of a similar
license, Subsection (6)(a) applies only to the fees that would have accrued during
the three years immediately following the revocation.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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