(a) The superintendent may refuse to renew, revoke, or may suspend for a period the superintendent determines the license of any insurance producer, insurance consultant, adjuster or life settlement broker, if, after notice and hearing, the superintendent determines that the licensee or any sub-licensee has:

1. (1) violated any insurance laws, or violated any regulation, subpoena or order of the superintendent or of another state's insurance commissioner, or has violated any law in the course of his or her dealings in such capacity;
2. (2) provided materially incorrect, materially misleading, materially incomplete or materially untrue information in the license application;
3. (3) obtained or attempted to obtain a license through misrepresentation or fraud; (4)(A) used fraudulent, coercive or dishonest practices;
4. (B) demonstrated incompetence;
5. (C) demonstrated untrustworthiness; or
6. (D) demonstrated financial irresponsibility in the conduct of business in this state or elsewhere;
7. (5) improperly withheld, misappropriated or converted any monies or properties received in the course of business in this state or elsewhere;
8. (6) intentionally misrepresented the terms of an actual or proposed insurance contract, life settlement contract or application for insurance;
9. (7) has been convicted of a felony;
10. (8) admitted or been found to have committed any insurance unfair trade practice or fraud;
11. (9) had an insurance producer license, a life settlement broker license, or its equivalent, denied, suspended or revoked in any other state, province, district or territory;
12. (10) forged another's name to an application for insurance or life settlement contract or to any document related to an insurance or life settlement transaction;
13. (11) improperly used notes or any other reference material to complete an examination for an insurance license or life settlement broker license;
14. (12) knowingly accepted insurance business from an individual who is not licensed;
15. (13) failed to comply with an administrative or court order imposing a child support obligation;
16. (14) failed to pay state income tax or comply with any administrative or court order directing payment of state income tax;
17. (15) while acting as a public adjuster, the licensee has failed to act on behalf and in the best interests of the insured when negotiating for or effecting the settlement of an insurance claim for such insured or otherwise acting as a public adjuster, or has failed to make the disclosures required by paragraph two of subsection (s) of section two thousand one hundred eight of this article;
18. (16) while acting as a life settlement broker, failed to protect the privacy of the insured or owner or other person for whom the life settlement broker was required to provide protection pursuant to article seventy-eight of this chapter; or
19. (17) ceased to meet the requirements for licensure under this chapter.

(e)

1. (1) No individual, corporation, firm or association whose license as an insurance producer or other licensee subject to subsection (a) of this section has been revoked, and no firm or association of which such individual is a member, and no corporation of which such individual is an officer or director, shall be entitled to obtain any license under the provisions of this chapter for a period of one year after such revocation, or, if such revocation be judicially reviewed, for one year after the final determination thereof affirming the action of the superintendent in revoking such license.
2. (2) If any such license held by a firm, association or corporation be revoked, no member of such firm or association and no officer or director of such corporation shall be entitled to obtain any license, or to be named as a sub-licensee in any such license, for the same period of time, unless the superintendent determines, after notice and hearing, that such member, officer or director was not personally at fault in the matter on account of which such license was revoked.

(f)

1. (1) As used in this subsection, "non-resident insurance producer's license or sub-license" means a license or sub-license in such capacity issued pursuant to paragraph five of subsection (g) of section two thousand one hundred three or subsection (e) of section two thousand one hundred four of this article.
2. (2) A non-resident insurance producer's license or sub-license may be summarily revoked in the event that the licensee's license as an agent, broker, adjuster or in any other capacity under the insurance law of the licensee's home state of domicile or such license of the firm or association of which the licensee is a member, employee or sub-licensee, or such license of the corporation of which the licensee is an officer, director, employee or sub-licensee has been suspended or revoked or renewal thereof denied in the licensee's home state of domicile by a procedure affording to the licensee or it a statutory right to a hearing, for action or conduct which, if it had been established upon a hearing before the superintendent, would have constituted grounds for revocation of a license under subsection (a) of this section.
3. (3) Before revoking the license of any non-resident insurance producer in accordance with this section, the superintendent shall give ten days' notice in writing to such producer of the action proposed to be taken, which notice shall be given in accordance with the applicable provisions of subsections (a) and (d) of section three hundred four of the financial services law.
4. (4) Upon submission to the superintendent of satisfactory proof that a suspension or revocation of a license issued by a home state to act as an insurance agent, insurance broker, adjuster or in another licensed capacity under the insurance law of such other state or a denial of renewal thereof has been duly withdrawn, set aside, reversed or voided, the superintendent shall thereupon reinstate and restore any and all licenses revoked in accordance with the provisions of this subsection.