Revised Statues - Chapter 44 Insurance

Before revoking or suspending the license of any person or placing a licensed person on probation, the director shall give notice of a hearing on the matter to the licensed person and any appointing company of a licensed agent. The notice shall state the time, place, and basis of the proposed hearing. If the director revokes or suspends any nonresident's license through a formal proceeding under the Insurance Producers Licensing Act or places such nonresident person on probation, the director shall promptly notify the appropriate director or commissioner of the nonresident's resident state, district, or territory of the United States or province of Canada of such action and the particulars of such proceeding.