KRS 304.10-130: Suspension or revocation of broker's license.

(1) The commissioner may suspend or revoke any surplus lines broker's license:

(a) If the broker fails to file his or her annual statement or to remit the tax as

required by this subtitle; or

(b) If the broker fails to keep records, or to allow the commissione r to examine

his or her records as required by this subtitle; or

(c) If the broker knowingly or negligently places a surplus lines coverage in an

insurer that is in unsound financial condition in violation of KRS 304.10 -070;

or

(d) For any other applicable cause for which an agent's license may be suspended

or revoked.

(2) The procedures provided by Subtitle 9 of this chapter for suspension or revocation

of licenses shall apply to suspension or revocation of a surplus lines broker's

license.

(3) Upon suspen ding or revoking the broker's surplus lines license the commissioner

shall also suspend or revoke all other licenses of or as to the same individual under

this code.

(4) No broker whose license has been suspended or revoked shall again be so licensed

until any fines or delinquent taxes owed have been paid, or in case of revocation

until after expiration of one (1) year from the date revocation became final.