New Hampshire Revised Statutes 405:44-b – Consultants; Application for License; Standards; Fee; Revocation; Suspension; Hearing
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I. The commissioner may, upon receipt of a fee pursuant to N.H. Rev. Stat. § 400-A:29, issue to any person who has attained the age of 18 or to any corporation, partnership or association a producer’s license to act as an insurance consultant. The applicant for the license shall apply for such license pursuant to the provisions of RSA 402-J.
II, III. [Repealed.]
IV. The commissioner may at any time, for cause shown and after a hearing, due notice of which has been given, revoke the license or suspend it for a period not exceeding the unexpired term of the license. The commissioner may, for cause shown and after a hearing, due notice of which has been given, revoke the license while so suspended, and shall notify the licensee in writing of such revocation or suspension, and shall publish a notice of such revocation or suspension in such manner as he may deem necessary for the protection of the public.
V. The commissioner may at any time require such information as he deems necessary as to the business methods, policies and transactions of a licensee under this section. Any person, corporation, partnership or association who fails or refuses to furnish the commissioner, in such form as he may require, any such information within 10 days after receiving a written request therefor shall be subject to suspension or revocation of his license or an administrative fine of not more than $2,500, or both a fine and suspension or revocation.
II, III. [Repealed.]
Terms Used In New Hampshire Revised Statutes 405:44-b
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
IV. The commissioner may at any time, for cause shown and after a hearing, due notice of which has been given, revoke the license or suspend it for a period not exceeding the unexpired term of the license. The commissioner may, for cause shown and after a hearing, due notice of which has been given, revoke the license while so suspended, and shall notify the licensee in writing of such revocation or suspension, and shall publish a notice of such revocation or suspension in such manner as he may deem necessary for the protection of the public.
V. The commissioner may at any time require such information as he deems necessary as to the business methods, policies and transactions of a licensee under this section. Any person, corporation, partnership or association who fails or refuses to furnish the commissioner, in such form as he may require, any such information within 10 days after receiving a written request therefor shall be subject to suspension or revocation of his license or an administrative fine of not more than $2,500, or both a fine and suspension or revocation.