Guam § 15705 - Same: Refusal, Suspension, Revocation.
Full text of Guam Guam Code Annotated § 15705 — Same: Refusal, Suspension, Revocation., with citation guidance and answers to common questions.
§ 15705. Same: Refusal, Suspension, Revocation.
(a) The Commissioner may, for the reasons contained herein,
refuse to issue or renew a license, or may suspend or revoke a
license, for any of the following reasons:
(1) The person has wilfully violated any provision of
this Title;
(2) The person has intentionally made a material
misstatement in his application;
(3) The person has been guilty of fraudulent or
dishonest practices;
(4) The person has misappropriated or converted to his
own use or illegally withheld monies held in a fiduciary
capacity;
(5) The person has misrepresented the terms and
conditions of policies;
(6) The person has been guilty of rebating;
(7) The person has conducted his business in such a
manner as to cause injury to the public or to those with whom
he is dealing;
(8) The person does not meet the necessary
qualifications to act in such capacity.
(b) A license may be suspended for not more than sixty (60)
days. A person whose license has been revoked shall not be
eligible to apply for a new license for a period of three (3) months.
(c) A refusal, suspension, or revocation under this section
shall be by order of Commissioner, and the person adversely
affected may request a hearing pursuant to §12206.
(d) Notice of any refusal, suspension or revocation of a
license under this section shall be given to the insurer, general
agent or sub-agent requesting that such applicant be licensed.
Frequently Asked Questions About Guam § 15705
What does Guam Code Annotated § 15705 cover?
Section 15705 ("Same: Refusal, Suspension, Revocation.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 15705?
A common citation format is "Guam Code Annotated § 15705" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 15705 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.