Montana § 33-2-313 - Revocation Or Suspension Of License

§ 33-2-313. Revocation Or Suspension Of License

Revocation or suspension of license. (1) The commissioner shall revoke or suspend any surplus lines insurance producer's license, together with any license as an insurance producer: (a) if the insurance producer fails to file a tax and fee statement or to remit the tax and fee as required by law; (b) if the insurance producer fails to keep the records or to allow the commissioner to examine the records, as required by law; (c) if the insurance producer falsifies the submission form required by 33-2-310 ; (d) if the insurance producer closes the surplus lines insurance producer office for a period of more than 30 business days, unless the commissioner grants permission otherwise; (e) if the insurance producer violates any provision of this part; or (f) for any of the causes for which an insurance producer's license may be revoked. (2) The procedures provided by 33-17-1001 for the suspension, revocation, or refusal to license or renew a license or for imposing a fine on an insurance producer or applicant apply to the suspension, revocation, or refusal to license or renew a license or to imposing a fine on a surplus lines insurance producer or applicant. (3) An insurance producer whose license has been revoked or suspended may not again be licensed within 1 year after revocation or suspension or until the insurance producer pays all penalties and delinquent taxes that are owed.