1. (a) The Commissioner may suspend or revoke the certificate of qualification of a surplus lines broker:

   1. (1) if the surplus lines broker fails to file the report required by this subtitle;
   2. (2) if the surplus lines broker fails to remit the tax required by this subtitle;
   3. (3) if the surplus lines broker fails to keep records required by this subtitle, or fails to allow the Commissioner to examine those records;
   4. (4) if the surplus lines broker fails to file or falsifies the affidavit required by this subtitle; or
   5. (5) for any applicable ground for suspending or revoking the license of an insurance producer under this article.
2. (b) The Commissioner may not reinstate the certificate of qualification of a surplus lines broker whose certificate has been suspended or revoked until the broker pays all penalties and delinquent taxes that are owed.

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001; Acts 2018, c. 43, § 1, eff. Oct. 1, 2018.

Formerly Art. 48A, § 196.