2006 Ohio Revised Code - [3905.48.2] 3905.482.License suspension or revocation for failure to comply; time extensions; rules.

[§ 3905.48.2] § 3905.482. License suspension or revocation for failure to comply; time extensions; rules.
 

(A)  The superintendent of insurance shall suspend the agent's license of any person who fails to meet the requirements of section 3905.481 [3905.48.1] of the Revised Code and has not been granted under division (B) of this section an extension of time within which to complete the requirements. The suspension shall become effective upon sixty days' written notice to the person. The notice shall be sent by ordinary mail to the person's residential address on the licensing records of the department of insurance. During this sixty-day period, the person may provide proof of compliance with the requirements of section 3905.481 [3905.48.1] of the Revised Code. If the person fails to demonstrate such compliance in a manner and form acceptable to the superintendent, the superintendent shall suspend the person's license. The suspension shall continue until the person demonstrates to the satisfaction of the superintendent that the person has complied with the requirements of section 3905.481 [3905.48.1] of the Revised Code and all other provisions of this chapter. However, the superintendent may revoke the license if the person fails to demonstrate such compliance within one year after the conclusion of the immediately preceding twenty-four-month compliance period and has not been granted under division (B) of this section an extension of time within which to complete the requirements. 

(B)  If a person cannot meet the requirements of section 3905.481 [3905.48.1] of the Revised Code due to a disability or inactivity due to special circumstances, the superintendent may grant the person a reasonable extension of time to enable the person to comply with the requirements of section 3905.481 [3905.48.1] of the Revised Code for the period of the disability or inactivity. The superintendent may revoke the license if the person fails to demonstrate such compliance within that time period. 

(C)  Before revoking any agent's license under this section, the superintendent shall provide the licensee notice and an opportunity for a hearing in accordance with Chapter 119. of the Revised Code. Any person whose license has been revoked under this section and who desires to hold a license as an insurance agent under this chapter shall apply for a new insurance agent's license in accordance with the requirements of this chapter. 

(D)  The superintendent may adopt rules in accordance with Chapter 119. of the Revised Code relative to the manner and form of demonstrating compliance with the requirements of section 3905.481 [3905.48.1] of the Revised Code that are acceptable to the superintendent for purposes of this section. 
 

HISTORY: 144 v S 375 (Eff 4-16-93); 147 v S 154 (Eff 6-30-98); 149 v S 129. Eff 9-1-2002.
 

The effective date is set by section 3 of SB 129.