Arizona Laws 20-418. Denial, revocation or suspension of license; civil penalty
Current as of: 2023 | Check for updates
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A. The director may deny or suspend for not more than twelve months, revoke or refuse to renew any surplus lines broker’s license and, in addition or in lieu thereof, may levy a civil penalty and order restitution to any injured party:
Terms Used In Arizona Laws 20-418
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
1. If the broker fails to comply with any requirement of this article.
2. For any of the causes for which an insurance producer’s license may be denied, revoked or suspended.
B. The procedures provided by this title for the denial, suspension or revocation of an insurance producer’s license apply to denial, suspension or revocation of a surplus lines broker’s license.