Insurance Law 2204 — Legislation
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SECTION 2203
Issuance and duration
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ARTICLE 22
Certification of Employees of Insurers and Savings Banks Offering Life Insurance
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SECTION 2205
Prohibitions
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SECTION 2204
Revocation or suspension
Insurance (ISC) CHAPTER 28, ARTICLE 22
§ 2204. Revocation or suspension. (a) The superintendent may revoke,
or may suspend for such period as he may determine, any certificate if
he determines that the person named in the certificate has:
(1) violated any provision of, or any obligation imposed by this
chapter or has violated any law in the course of any activities for
which such certificate is required;
(2) made a material misstatement in the application for such
certificate;
(3) been guilty of fraudulent or dishonest practices; or
(4) demonstrated his incompetency or untrustworthiness.
(b) Before revoking or suspending any such certificate, the
superintendent shall give to the person and the employer of the person
named in such certificate notice of hearing as specified in this
chapter.