Section 991.1623 - Suspension, revocation or nonrenewal of surplus lines licensee's licenseThe department may suspend, revoke or refuse to renew the license of a surplus lines licensee after notice and a hearing, as provided under the applicable provision of the laws of this Commonwealth, upon any one or more of the following grounds:
(1)Deleted by 2002, July 10, P.L. 749, No. 110, § 8, effective in 60 days.(2)Deleted by 2002, July 10, P.L. 749, No. 110, § 8, effective in 60 days.(3) Closing of the surplus lines licensee's office for a period of more than thirty (30) business days, unless permission is granted by the department.(4) Failure to make and file required reports.(5) Failure to collect or transmit required tax on surplus lines premiums.(6) Deleted by 2002, July 10, P.L. 749, No. 110, § 8, effective in 60 days.(7) Failure to remit premiums due insurers or return premiums due insureds in the normal course of business and within reasonable time limits.(8) Violation of any provision of this act.(9) For any other cause for which an insurance producer's license could be denied, revoked or suspended or refused upon renewal.1921, May 17, P.L. 682, No. 284, art. XVI, § 1623, added 1992, Dec. 18, P.L. 1519, No. 178, § 19, effective in 120 days. Amended 2002, July 10, P.L. 749, No. 110, § 8, effective in 60 days; 2010, March 22, P.L. 147, No. 14, §13, effective in 180 days [ 9/20/2010]; 2011, June 30, P.L. 194, No. 28, § 6, imd. effective.