(1) The commissioner shall promptly notify any insurance producer licensee regarding any penalty assessed, suspension, revocation, termination, or denial of the licensee's license by the commissioner.
(2) Upon assessment of a penalty, suspension, revocation, or termination of the license of a resident licensee, the commissioner shall notify the central office of the national association of insurance commissioners or its affiliate or subsidiary.
Source: L. 93: Entire article R&RE, p. 1373, � 1, effective January 1, 1995. L. 2001: Entire section amended, p. 1212, � 35, effective January 1, 2002.