Effective August 29, 2023, New Hampshire has revised the reasons a license may be suspended, revoked, or refused for both business entities and individual insurance producers. No changes to Manage Posted to Compliance Library The license of a resident or non resident **business entity**  may be suspended, revoked, or refused if the Commissioner finds, after a hearing in accordance with NH ST § 400-A:17, that:      a.   an individual licensee's violation was known or should           have been known by one or more of the partners,           officers, or managers acting on the partnership's or           corporation's behalf;      b.   the violation was not reported; and      c.   no corrective action was taken. The Commissioner may place on probation, suspend, revoke, or refuse to issue or renew an **insurance producer's** license, or  may levy an administrative fine not to exceed $2,500 per violation, or any combination of actions for any 1 or more of  the following causes:      a.   violation of any insurance law, of any regulation, subpoena, or order of the Commissioner of this state or another state;      b.   obtaining or attempting to obtain a license by fraud or misrepresentation;      c.   improper handling of money in course of the business under the license;      d.   conviction of a felony;      e.   intentionally misrepresenting the terms of an actual or proposed insurance contract or application;      f.   use of fraudulent or dishonest trade practices;      g.   forging another person's name to an application for insurance or any related document;      h.   improperly using notes or reference material to complete an insurance exam;      i.   knowingly accepting insurance business from someone who is not properly licensed;      j.   suspension, denial or revocation of an insurance license in another jurisdiction;      k.   using fraudulent, coercive, or dishonest practices, or demonstrating incompetence, untrustworthiness, or financial irresponsibility whether directly, as an individual, or through activities for an entity, in the conduct of any business activity, or fraud, misappropriation or conversion of funds, misrepresentation or breach of fiduciary duty involving any activity in New Hampshire or elsewhere;      l.   providing incorrect, misleading, incomplete, or materially untrue information in the license application; or      m.   failing to comply with an administrative or court order imposing a child support obligation.

Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.