§ 2110. Revocation or suspension of license of insurance producer,\ninsurance consultant, adjuster or life settlement broker. (a) The\nsuperintendent may refuse to renew, revoke, or may suspend for a period\nthe superintendent determines the license of any insurance producer,\ninsurance consultant, adjuster or life settlement broker, if, after\nnotice and hearing, the superintendent determines that the licensee or\nany sub-licensee has:\n (1) violated any insurance laws, or violated any regulation, subpoena\nor order of the superintendent or of another state's insurance\ncommissioner, or has violated any law in the course of his or her\ndealings in such capacity;\n (2) provided materially incorrect, materially misleading, materially\nincomplete or materially untrue information in the license application;\n (3) obtained or attempted to obtain a license through\nmisrepresentation or fraud;\n (4)(A) used fraudulent, coercive or dishonest practices;\n (B) demonstrated incompetence;\n (C) demonstrated untrustworthiness; or\n (D) demonstrated financial irresponsibility in the conduct of business\nin this state or elsewhere;\n (5) improperly withheld, misappropriated or converted any monies or\nproperties received in the course of business in this state or\nelsewhere;\n (6) intentionally misrepresented the terms of an actual or proposed\ninsurance contract, life settlement contract or application for\ninsurance;\n (7) has been convicted of a felony;\n (8) admitted or been found to have committed any insurance unfair\ntrade practice or fraud;\n (9) had an insurance producer license, a life settlement broker\nlicense, or its equivalent, denied, suspended or revoked in any other\nstate, province, district or territory;\n (10) forged another's name to an application for insurance or life\nsettlement contract or to any document related to an insurance or life\nsettlement transaction;\n (11) improperly used notes or any other reference material to complete\nan examination for an insurance license or life settlement broker\nlicense;\n (12) knowingly accepted insurance business from an individual who is\nnot licensed;\n (13) failed to comply with an administrative or court order imposing a\nchild support obligation;\n (14) failed to pay state income tax or comply with any administrative\nor court order directing payment of state income tax;\n (15) while acting as a public adjuster, the licensee has failed to act\non behalf and in the best interests of the insured when negotiating for\nor effecting the settlement of an insurance claim for such insured or\notherwise acting as a public adjuster, or has failed to make the\ndisclosures required by paragraph two of subsection (s) of section two\nthousand one hundred eight of this article;\n (16) while acting as a life settlement broker, failed to protect the\nprivacy of the insured or owner or other person for whom the life\nsettlement broker was required to provide protection pursuant to article\nseventy-eight of this chapter; or\n (17) ceased to meet the requirements for licensure under this chapter.\n (b) Before revoking or suspending the license of any insurance\nproducer, life settlement broker or other licensee pursuant to the\nprovisions of this article, the superintendent shall, except when\nproceeding pursuant to subsection (f) of this section, give notice to\nthe licensee and to every sub-licensee and shall hold, or cause to be\nheld, a hearing not less than ten days after the giving of such notice.\n (c) If an insurance producer's license or other licensee's license\npursuant to the provisions of this article is revoked or suspended by\nthe superintendent, he shall forthwith give notice to the licensee.\n (d) The revocation or suspension of any insurance producer's license\nor other licensee's license pursuant to the provisions of this article\nshall terminate forthwith such producer's license or other licensee's\nlicense and the authority conferred thereby upon a
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