Montana Code 33-2-313. Revocation or suspension of license
33-2-313. 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:
Terms Used In Montana Code 33-2-313
- Surplus lines insurance: means any property, casualty, or inland marine insurance permitted in a state to be placed directly or through a surplus lines insurance producer with an unauthorized insurer eligible to accept the insurance. See Montana Code 33-2-301
- Surplus lines insurance producer: means an individual or business entity licensed under 33-2-305 to place surplus lines insurance on risks resident, located, or to be performed in this state with unauthorized insurers eligible to accept the insurance. See Montana Code 33-2-301
(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(3)An insurance producer whose license has been revoked or suspended may not again be licensed within 1 year after revocation or suspension or until the insurance producer pays all penalties and delinquent taxes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.