58-30-6. 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.