(a) The State Board of Insurance may deny an application or suspend, revoke, or refuse to renew a risk manager's license for any of the reasons designated in the Insurance Code, Article 21.14-1, and the rules and regulations of the State Board of Insurance.
(b) A person who fails the examination is considered to have application pending and is not legally licensed to ask a risk manager until successful completion of the examination and issuance of the license.
(c) A risk manager's license may not be suspended or revoked without required notice and hearing by the board.

Source Note: The provisions of this §19.1313 adopted to be effective May 4, 1989, 14 TexReg 1934