§ 1688. Registration of sales representatives
Every association or insurer shall on forms prescribed by the Commissioner, register, on or before December 31st of each year, the name and business office address of each sales representative employed by it, and shall within 30 days after termination of the employment notify the Commissioner of such termination. Any sales representative employed subsequent to […]
§ 1689. Grounds for compulsory refusal, suspension, or revocation of registration of sales representative
The Commissioner shall deny, suspend, revoke, or refuse to renew the registration of any sales representative if it is found that, as to sales representatives, any one or more of the following grounds exist: (1) Material misstatement, misrepresentation, or fraud in registration. (2) Willful use of the registration to circumvent any of the requirements or […]
§ 1677. Required deposit or bond
(a) To assure the faithful performance of its obligation to its members or subscribers, every ambulance service association shall, prior to issuance of its certificate of authority by the Commissioner, deposit with the Commissioner, securities of the type eligible for deposit by insurers under chapter 9, section 207 of this title, and having a market […]
§ 1678. Levy upon deposit
No judgment creditor or other claimant of an association shall have the right to levy upon any of the assets or securities held in the territory as a deposit under section 1677 of this title.
§ 1679. Suspension or revocation of, or refusal to renew certificate of authority
(a) The Commissioner may, in his discretion, suspend, revoke, or refuse to renew the certificate of authority of any association if he finds that the association: (1) Has violated any lawful order, rule or regulation of this chapter. (2) Is in unsound financial condition so as to render its further transaction of business in the […]
§ 1680. Notice of suspension or revocation of certificate of authority
(a) The Commissioner shall promptly give notice of the suspension or revocation of the certificate of authority of an association to its sales representatives in the territory of record in the office of the Commissioner. (b) In his discretion, the Commissioner may cause notice of any such revocation to be published in one or more […]
§ 1681. Duration of suspension; obligations of association during suspension period; reinstatement
(a) The suspension of the certificate of authority of an association shall be for a period not to exceed one year, as specified by the Commissioner in the order of suspension. The Commissioner may subsequently shorten or rescind the order upon which the suspension is based. (b) During the period of suspension, the association shall […]
§ 1682. Administrative fine in lieu of suspension or revocation of certificate of authority
(a) If the Commissioner finds that one or more grounds exist for the revocation or suspension of a certificate of authority issued under this chapter, the Commissioner may, in lieu of such suspension or revocation, impose a fine upon the insurer or association. (b) With respect to any nonwillful violation, such fine may not exceed […]
§ 1683. Unfair trade practices
Every association and its representatives and employees shall be subject to the provisions of chapter 49 of this title.
§ 1684. Filing of contracts, forms and rates
(a) No contract form nor related form may be issued or used in the territory unless it has been filed with and approved by the Commissioner. (b) Every such filing shall be made not less than 30 days in advance of issuance or use. At the expiration of 30 days from the date of filing, […]