Section 19-14-34. – Resident agent — Loss payee.
§ 19-14-34. Resident agent — Loss payee. (a) Each licensee shall maintain a resident agent in this state who shall have authority to endorse insurance claim checks on behalf of the licensee. (b) A licensee that has not and will not be included as a loss payee on any insurance policy may be exempted from […]
Section 19-14-9. – Contents of license.
§ 19-14-9. Contents of license. The license or branch certificate shall contain any information that the director, or the director’s designee, shall require, including the type of activity authorized. In his or her discretion, the director, or the director’s designee, may substitute an electronic record as the confirmation of a license status in substitution for […]
Section 19-14-10. – Agent for service of process.
§ 19-14-10. Agent for service of process. (a) Every licensee shall appoint, and thereafter maintain, in this state a resident agent with authority to accept process for the licensee in this state, including the process of garnishment. (1) The appointment shall be filed with the director, or the director’s designee, electronically through the Nationwide Multistate […]
Section 19-14-11. – Prohibition or transfer or assignment of license.
§ 19-14-11. Prohibition or transfer or assignment of license. No license shall be transferable or assignable. A change in ownership of less than twenty-five percent (25%) of the voting stock or equity interests of a licensee shall not be considered a transfer or assignment of the license. A change in ownership of twenty-five percent (25%) […]
Section 19-14-12. – Place of business — Branch offices — Name changes.
§ 19-14-12. Place of business — Branch offices — Name changes. (a) Additional places of business may be maintained under the same license upon written application to the director, or the director’s designee, for the establishment of an additional branch office. A separate application must be filed for each additional branch office being requested. At […]
Section 19-14-13. – Revocation of license.
§ 19-14-13. Revocation of license. (a) The director, or the director’s designee, may, upon ten (10) days’ notice to the licensee, stating his or her intent to revoke and the grounds for revocation, and upon reasonable opportunity for the licensee to be heard, revoke any license issued under this chapter, upon finding that: (1) The […]
Section 19-14-14. – Revocation by default.
§ 19-14-14. Revocation by default. (a) The director, or the director’s designee, may revoke any license without a hearing by default if the licensee fails to respond to notifications informing the licensee of a failure to pay the annual license fee; maintain in effect the required bond or bonds; or maintain net worth requirements as […]
Section 19-14-15. – Suspension of license.
§ 19-14-15. Suspension of license. The director, or the director’s designee, may, upon three (3) days’ notice and an opportunity for hearing, suspend any license for a period not exceeding thirty (30) days, pending investigation. History of Section.P.L. 1995, ch. 82, § 52.
Section 19-14-16. – Surrender of license.
§ 19-14-16. Surrender of license. Any licensee may surrender any license or branch certificate(s) by delivering to the director, or the director’s designee, electronic notice through the Nationwide Multistate Licensing System surrendering the license or branch certificate(s). The surrender shall not affect the licensee’s civil or criminal liability for acts committed prior to the surrender. […]
Section 19-14-17. – Contracts unimpaired by revocation, suspension, or surrender of license.
§ 19-14-17. Contracts unimpaired by revocation, suspension, or surrender of license. Any revocation, suspension, or surrender of a license shall not impair or affect the obligation of any preexisting lawful contract between the licensee and any customer. History of Section.P.L. 1995, ch. 82, § 52.