Missouri Laws 379.1540 – Supervising business entity, sanctioning of license, when
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Terms Used In Missouri Laws 379.1540
- Director: the director of the department of commerce and insurance. See Missouri Laws 379.005
The license of a supervising business entity may be suspended, revoked, renewal refused, or an application refused if the director finds that a violation by a portable electronics insurance vendor was known or should have been known by the supervising business entity and the violation was neither reported to the director nor correction action taken. A violation of this section is a level three violation under section 374.049.