§ 58-35-22. Notification of criminal or administrative actions.
§ 58‑35‑22. Notification of criminal or administrative actions.
(a) If an individualproprietor, officer, or partner of an insurance premium finance company hasbeen convicted in any court of competent jurisdiction for any crime involvingdishonesty or breach of trust, the premium finance company shall notify theCommissioner in writing of the conviction within 10 days after the date of theconviction. As used in this subsection, "conviction" includes anadjudication of guilt, a plea of guilty, or a plea of nolo contendere.
(b) An insurancepremium finance company shall report to the Commissioner any administrativeaction taken against the premium finance company, including any branch office,by another state or by another governmental agency in this State within 30 daysafter the final disposition of the matter. This report shall include a copy ofthe order or consent order and other information or documents filed in theproceeding necessary to describe the action. (2009‑566, s. 19.)