1. A. The Insurance Commissioner shall, in any order suspending the registration of a sales representative, specify the time period during which the suspension is to be in effect. Such period shall not exceed one (1) year. The registration shall remain suspended during the period so specified, subject to any rescission or modification of the order by the Commissioner before the expiration of the suspension period. A registration which has been suspended shall not be reinstated except upon request, but the Commissioner shall not grant such reinstatement if the Commissioner finds that the circumstances for which the registration was suspended still exist or are likely to recur.
2. B. No person whose registration has been revoked by the Commissioner shall have the right to apply for another registration within two (2) years from the effective date of such revocation or, if judicial review of such revocation is sought, within two (2) years from the date of the final court order or decree affirming the revocation. The Commissioner, however, shall not grant a new registration if the Commissioner finds that circumstance or circumstances for which the previous registration was revoked still exist or are likely to recur.
3. C. The Commissioner shall not grant or issue any registration to any individual whose registration has been revoked twice.
4. D. During the period of suspension, or after revocation of the registration, the former registrant shall not engage in or attempt to engage in any transaction or business for which a registration is required under the Service Warranty Insurance Act.

Added by Laws 1993, HB 1001, c. 108, § 25, eff. September 1, 1993.