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Code · North Carolina · Chapter 58 — Insurance

§ 58-89A-160. Sanctions.

99 words·~1 min read·/nc/chapter-58/58-89a-160

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§ 58-89A-160. Sanctions.
(a)On a finding that a ground for disciplinary action exists under G.S. 58-89A-155, the Commissioner may suspend or terminate a license, impose a civil penalty, and seek an order of restitution under G.S. 58-2-70.
(b)On termination of a license, the licensee shall immediately return the terminated license to the Commissioner.
(c)Any disciplinary action taken, any temporary or permanent termination of a license, or any determination that an officer or controlling person is unqualified shall be made by the Commissioner subject to Article 3A of Chapter 150B of the General Statutes. (2004-162, s. 1.)
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