Plain Text Law

Regulation .30 Administrative Sanctions.

Regulation .30 Administrative Sanctions.Copy Citation

A.
The Secretary may deny, suspend, or revoke a preliminary, initial, or renewal certificate of registration for cause. Cause for denial, suspension, or revocation includes, but is not limited to the following:
(1)
Violations of the provisions of the Act;
(2)
Violations of regulations in this chapter;
(3)
Misrepresentations of fact to the Department or to subscribers;
(4)
Submission of false financial information to the Department;
(5)
Failure to prepare or implement an adequate corrective financial plan when found to be in financial difficulty; or
(6)
Agreement terms or provisions that:
(a)
Violate the Act,
(b)
Violate regulations in this chapter, or
(c)
Are not approved by the Department.
B.
The denial, suspension, or revocation of a certificate of registration is an action of the Secretary that may be appealed in accordance with Regulation .31 of this chapter.