33-2-120. Notice of suspension or revocation -- effect upon producer's authority. (1) Upon suspending or revoking an insurer's certificate of authority, the commissioner shall forthwith give notice thereof to the insurer and to its insurance producers in this state of record in the commissioner's office.
     (2) Such suspension or revocation shall likewise automatically suspend or revoke, as the case may be, the authority of all such insurance producers to act as insurance producers of the insurer in this state, and the commissioner shall so state in the notice to insurance producers provided for in subsection (1).
     (3) In his discretion the commissioner may also publish notice of such revocation in one or more newspapers of general circulation published in this state.

     History: En. Sec. 61, Ch. 286, L. 1959; R.C.M. 1947, 40-2816; amd. Sec. 1, Ch. 713, L. 1989.