1. (a) A licensee shall file a report with the director not later than one (1) business day after the licensee has reason to know of the occurrence of any of the following events:

   1. (1) The filing of a petition by or against the licensee under the federal Bankruptcy Code (11 U.S.C. 101-110) for bankruptcy or reorganization.
   2. (2) The filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for its dissolution or reorganization, or the making of a general assignment for the benefit of its creditors.
   3. (3) The commencement of a proceeding to revoke or suspend the licensee's license in a state or country in which the licensee engages in business or is licensed.
2. (b) A licensee shall file a report with the director not later than three
3. (3) business days after the licensee has reason to know of the occurrence of any of the following events:

4. (1) A charge or conviction of:

   1. (A) the licensee;
   2. (B) a key individual with respect to the licensee; or

   3. (C) a person in control of the licensee;

      for a felony.

5. (2) A charge or conviction of an authorized delegate for a felony.

As added by P.L.198-2023, SEC.4.