6.6.6820    REVOCATION OF THE COMPANY'S LICENSE

(1) The commissioner may revoke the license of a company in accordance with 33-28-109, MCA, including, but not limited to, the following reasons:

(a) if the company has not commenced business in accordance with its plan of operation within two years of being licensed;

(b) if the company ceases to do business in or from within the state of Montana;

(c) at the request of the company; or

(d) for any other reason as described in 33-28-109, MCA.

(2) Prior to revoking the license pursuant to (1)(a) or (b) of this rule, the commissioner shall give the company notice in writing of the grounds for revocation of the license, and shall afford the company an opportunity to object in writing within 30 days after receipt of the notice. The commissioner shall take into consideration the company's written objections and, if the license is revoked, serve the order of revocation upon the company.

 

History: 33-28-206, MCA; IMP, 33-28-109, MCA; NEW, 2002 MAR p. 171, Eff. 2/1/02; AMD, 2011 MAR p. 2516, Eff. 11/26/11; AMD, 2017 MAR p. 1888, Eff. 10/14/17.