Filing of written report with commissioner - Events impacting activities of licensee

Within fifteen (15) days of the occurrence of any one (1) of the following events, a licensee shall file a written report with the commissioner describing the event and its expected impact on the activities of the licensee in this state: (1) The filing for bankruptcy or reorganization by the licensee; (2) The institution of revocation or suspension proceedings against the licensee by any state or governmental authority; (3) The denial of the opportunity to engage in business by any state or governmental authority; (4) Any felony indictment of the licensee or any of its officers, directors or principals; (5) Any felony conviction of the licensee or any of its officers, directors or principals; and (6) Other events that the commissioner may determine and identify by rule. Acts 2009, ch. 499, § 8.

Within fifteen (15) days of the occurrence of any one (1) of the following events, a licensee shall file a written report with the commissioner describing the event and its expected impact on the activities of the licensee in this state:

(1) The filing for bankruptcy or reorganization by the licensee;

(2) The institution of revocation or suspension proceedings against the licensee by any state or governmental authority;

(3) The denial of the opportunity to engage in business by any state or governmental authority;

(4) Any felony indictment of the licensee or any of its officers, directors or principals;

(5) Any felony conviction of the licensee or any of its officers, directors or principals; and

(6) Other events that the commissioner may determine and identify by rule.

Acts 2009, ch. 499, § 8.