Notice of Significant Events

(1) A Licensee shall notify the Division in writing within one business day after the Licensee has reason to know of the occurrence of: (a) the filing of a petition by or against the Licensee under 11 U.S.C. § 101 to 110, inclusive, as amended or recodified from time to time, for bankruptcy or reorganization; (b) the filing of a petition by or against the Licensee for receivership, the commencement of any other judicial or administrative proceeding for its dissolution or reorganization, or the making of a general assignment for the benefit of its creditors; (c) the commencement of a proceeding to revoke or suspend its license in a state or country in which the Licensee engages in business or is licensed; (d) The inability to satisfy all of the Licensee’s outstanding transmission liabilities as they become payable; or (e) Having been subject to any robbery, burglary or theft. (2) A Licensee shall notify the Division within three business days after the Licensee has reason to know of the occurrence of a criminal felony charge or conviction of the Licensee, an officer or director, key individual, a person in control of the Licensee, or an authorized delegate.