§431:8-317 Suspension or revocation of license. (a) The commissioner may suspend or revoke any surplus lines broker's license:
(1) For failure to file the annual statement required by section 431:8-313 or to pay the tax required by section 431:8-315;
(2) For failure to maintain an office in this State, or to keep records, or to allow the commissioner to examine such surplus lines broker's records as provided in this article;
(3) For removal of office accounts and records from this State during the period in which such accounts are required to be maintained under this article;
(4) For failure to maintain the bond required by section 431:8-310; or
(5) For any of the causes for which a general agent's license may be suspended or revoked under article 9.
(b) The procedures provided in article 9 for the suspension or revocation of general agents' licenses shall apply to suspension or revocation of a surplus lines broker's license.
(c) No broker whose license has been so revoked shall again be so licensed within one year thereafter, nor until any fines or delinquent taxes owing by such broker have been paid. [L 1987, c 347, pt of §2; am L 1989, c 195, §22]