Notification

Any eligible surplus lines insurer is required to notify the Insurance Commissioner within thirty (30) days of the happening of any one or more of the following: (1) the suspension or revocation of a license or right to transact business in another jurisdiction; (2) the receipt of an order or complaint to show cause why the license or right to transact business should not be suspended or revoked, or charges of any type filed by a state, federal agency or any other jurisdiction which, if substantiated, could result in suspension or revocation of a license, certificate of authority, or right to transact business in another jurisdiction; (3) the imposition of a penalty by any other state, federal agency or any other jurisdiction for any violation of the insurance or insurance related laws of such other state, federal agency or jurisdiction; or (4) any change in control of the company.