New Hampshire Code of Administrative Rules
Ins - Commissioner, Insurance Department
Chapter Ins 200 - PRACTICES AND PROCEDURES
Part Ins 207 - SETTLEMENT, DECISIONS, AND REHEARING
Section Ins 207.02 - Voluntary Surrender of License
Universal Citation: NH Admin Rules Ins 207.02
Current through Register No. 40, October 3, 2024
(a) Any licensee may voluntarily surrender his or her license by returning it to the department, accompanied by a signed letter stating that the licensee intends to surrender his or her license.
(b) A licensee who reapplies for licensure in New Hampshire after a voluntary surrender shall meet all of the requirements then in effect for new applicants.
(c) The voluntary surrender of a license shall have no effect upon the commissioner's authority to:
(1) Investigate violations of insurance laws
or the rules by a person licensed at the time the alleged violation occurred;
or
(2) Impose disciplinary
sanctions for violations that occurred while the person was licensed.
(d) Nothing in this section shall prohibit the department and a licensee from entering into a settlement agreement or a consent decree relative to any alleged violation.
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