Appointment of insurance producer by insurer--Filing with director--Statement of kinds of insurance to be transacted--Payment of fee--Reasons for denying appointment

The director may deny an appointment or withhold processing an appointment for reasons of protection of the public health, welfare, or safety including the following: (1) The insurance producer to be appointed is not properly licensed; or (2) A notice of hearing from the Division of Insurance seeking revocation or suspension of the insurance producer or insurer has been issued. Source: SL 1966, ch 111 , ch 9, § 20 (1); SL 1995, ch 289 , § 1; SL 2001, ch 286 , § 156. 58-30-7. Repealed by SL 1996, ch 300 , § 1 58-30-8. Repealed by SL 2010, ch 233 , § 3.