Sec. 4102.201.  DENIAL, SUSPENSION, OR REVOCATION OF LICENSE.  (a)  The commissioner may deny an application for a license under this chapter or suspend or revoke a license issued under this chapter on the basis of:
(1)  a violation of this chapter or of any rule adopted by the commissioner under this chapter;
(2)  a cause that constitutes grounds for denial of an original license;
(3)  misrepresentation or fraud in obtaining a license;
(4)  failure to pass a required license examination;
(5)  the misappropriation or conversion of money required to be held in a fiduciary capacity;
(6)  material misrepresentation, with intent to deceive, of the terms of an insurance contract;
(7)  engaging in a fraudulent transaction;
(8)  demonstrated incompetence or untrustworthiness in the conduct of the license holder's affairs under the license, as determined by the commissioner;
(9)  conviction of a felony by a final judgment in a court of competent jurisdiction; or
(10)  material misrepresentation, with intent to deceive, of the person's status as a public insurance adjuster.
(b)  If the department proposes to refuse to issue an original license under this chapter or to suspend, revoke, or refuse to renew a license under this chapter, the person affected is entitled to notice and hearing as provided by Section 4005.104.
(c)  A final order entered as a result of a hearing under this section may be appealed to a court of competent jurisdiction as provided by Subchapter D, Chapter 36.
(d)  An order suspending a license issued under this chapter must specify the period of the suspension not to exceed 12 months.
(e)  The holder of a license that is revoked or suspended for cause shall surrender the license to the commissioner on demand.
(f)  The commissioner may issue a license or reinstate a suspended or revoked license on a finding that the cause for suspension, revocation, or refusal no longer exists.
Added by Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.082(a), eff. September 1, 2005.