1. (a) An administrator shall be subject to the provisions of RSA 402-H:14 and RSA 402-H:16 for the following reasons:

   1. (1) Failure to comply with any provisions of these rules or of RSA 402-H;
   2. (2) Failure to comply with any lawful order of the commissioner;
   3. (3) Committing an unfair or deceptive act or practice as described in RSA 417;
   4. (4) Deterioration of financial condition adversely affecting the certificate holder's ability to operate as an administrator;
   5. (5) Filing an application or any necessary forms with the department which contain fraudulent information or omissions;
   6. (6) Misappropriation, conversion, illegal withholding, or refusal to pay over, upon proper demand, any monies that belong to a person otherwise entitled to them and that have been entrusted to the administrator in his/her fiduciary capacity;

   7. (7) Evidence that an owner, principal, officer, partner, manager, director, stockholder, trustee, employee of the administrator, or the administrator itself has:

      1. a. Had an insurance license or an application for an insurance license in any state denied, suspended, or revoked;
      2. b. Been the subject of a fine, penalty, order, withdrawal, or informal settlement with any state insurance department; or
      3. c. Pled guilty or no contest to any felony or misdemeanor; or
   8. (8) At any time fails to meet any qualification for which the issuance of the certificate could have been refused had such failure then existed and been known to the Department.

Source. #5787, eff 2-14-94; ss by #7023, eff 7-1-99; ss by #7318, eff 8-1-00; ss by #7506, eff 6-25-01, EXPIRED: 6-25-09 New. #9510, eff 7-10-09; ss by #12228, eff 7-10-17