384.065. Revocation, suspension or refusal to renew license of licensee, grounds--notice--hearing. - Missouri Statutes

Revocation, suspension or refusal to renew license of licensee,grounds--notice--hearing.

384.065. The director may suspend, revoke, or refuse to renew thelicense of a surplus lines licensee after notice and hearing as providedunder the applicable provisions of this state's laws upon any one or moreof the following grounds:

(1) Removal of the resident surplus lines licensee's office from thisstate;

(2) Removal of the resident surplus lines licensee's office accountsand records from this state during the period during which such accountsand records are required to be maintained under section 384.059;

(3) Closing of the surplus lines licensee's office for a period ofmore than thirty business days, unless permission is granted by thedirector;

(4) Failure to make and file required reports;

(5) Failure to transmit required tax on surplus lines premiums;

(6) Violation of any provision of sections 384.011 to 384.071; or

(7) For any cause for which an insurance license could be denied,revoked, suspended or renewal refused under section 375.141, RSMo.

(L. 1987 H.B. 700 § 19, A.L. 2004 S.B. 1299)