Section 3-317 - Suspensions and revocations.
§ 3-317. Suspensions and revocations.
(a) Grounds for suspension or revocation.- The Commissioner may suspend or revoke the certificate of qualification of a surplus lines broker:
(1) if the surplus lines broker fails to file the semiannual statement required by this subtitle;
(2) if the surplus lines broker fails to remit the tax required by this subtitle;
(3) if the surplus lines broker fails to keep records required by this subtitle, or fails to allow the Commissioner to examine those records;
(4) if the surplus lines broker fails to file or falsifies the affidavit required by this subtitle; or
(5) for any applicable ground for suspending or revoking the license of an insurance producer under this article.
(b) Reinstatement after suspension or revocation.- The Commissioner may not reinstate the certificate of qualification of a surplus lines broker whose certificate has been suspended or revoked until the broker pays all penalties and delinquent taxes that are owed.
[An. Code 1957, art. 48A, § 196; 1995, ch. 36; 2001, ch. 731, § 1.]