33-17-507. Revocation. The commissioner may revoke or suspend a consultant license for a specified period after giving notice and conducting a hearing. To revoke or suspend a license, the commissioner shall determine that the licensee:
     (1) has violated any provision of or any obligation imposed by the insurance law or has violated any law in the course of dealing as an insurance consultant;
     (2) has made a material misstatement in application for a consultant license;
     (3) has been guilty of fraudulent or dishonest practices; or
     (4) has demonstrated incompetency or untrustworthiness to act as an insurance consultant.

     History: En. 40-3344 by Sec. 6, Ch. 144, L. 1975; R.C.M. 1947, 40-3344(part); amd. Sec. 40, Ch. 713, L. 1989; amd. Sec. 34, Ch. 472, L. 1999.