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D.C. Municipal Regulations (Last Updated: September 13, 2017) |
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Title 26. INSURANCE, SECURITIES, AND BANKING |
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SubTilte 26-A. INSURANCE |
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Chapter 26-A1. LICENSURE AS INSURANCE PRODUCER |
Section 26-A108. REVOCATION OR SUSPENSION OF APPROVAL OF AN INSURANCE EDUCATION PROGRAM
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108.1Any insurance education program or sponsor of a program may be denied approval for failure to meet the requirements in this section or section 107.
108.2Any denial of program approval, or any proposal to revoke or suspend approval, shall be in writing, and shall advise the applicant of his or her right to a hearing. Nothing in this section shall prohibit the rejection and return of applications for correction of ministerial errors.
108.3The Commissioner may suspend or revoke the approval of an insurance education program for any of the following reasons:
(a)The failure to maintain any requirement set forth in this section or section 107;
(b)The failure to advise the Department promptly of any change in information initially submitted in the application during the period of approval including, but not limited to, change of director, school address, place or time of scheduled classes and instructors;
(c)Obtaining an approval by fraud or misrepresentation;
(d)The failure to conduct any classes for a period of 12 months; or
(e)Failure to report to the Department the students' continuing education credits.
108.4Any school whose approval has been suspended or revoked shall turn over its education certificates to the Commissioner within fourteen (14) days.
108.5 As an alternative to suspension or revocation of approval, the Commissioner may place any program on probation with appropriate conditions.
108.5aIn addition to suspending or revoking approval, or placing a program on probation, the Commissioner may impose monetary penalties not to exceed $1,000 for the first violation and $2,000 for each succeeding violation.
108.6 No insurance education program or director whose approval has been revoked may reapply for approval for a period of five (5) years.