The director may deny an appointment or withhold processing an appointment for reasons of protection of the public health, welfare, or safety including the following:

1. (1) The insurance producer to be appointed is not properly licensed; or
2. (2) A notice of hearing from the Division of Insurance seeking revocation or suspension of the insurance producer or insurer has been issued.

Source: SL 1966, ch 111 , ch 9, § 20 (1); SL 1995, ch 289 , § 1; SL 2001, ch 286 , § 156.