The commissioner shall promptly notify the licensee and all appointing insurers, where applicable, of any suspension, revocation, or termination of the licensee's producer license by the commissioner. Upon receipt of the notice of suspension or revocation of a license, the licensee shall immediately deliver it to the commissioner.

* NOTE: This section, as added by Laws 2001, chapter 117, *article 1, section 16, is effective July 1, 2002. Laws 2001, *chapter 117, article 1, section 29.