right of judicial review of such order only to the same ex-
tent as provided for the review of orders under section 
1148. 
SEC. 1142. SUSPENSION, RESTRICTION, OR REVOCATION OF 
FEDERAL LICENSE OF NATIONAL AGENCIES 
AND FEDERALLY LICENSED INSURANCE PRO-
DUCERS. 
(a) IN GENERAL.—In accordance with the provisions 
of this section, the Commissioner may revoke or restrict 
the Federal producer license, including lines of insurance 
covered by such license, of a national agency or other fed-
erally licensed insurance producer if the Commissioner de-
termines that the Agency or producer has— 
(1) violated any applicable law, regulation, 
order, condition imposed in writing by the Commis-
sioner in connection with the approval of an applica-
tion, filing, statement, notice or other request by the 
producer, or written agreement entered into between 
the producer and the Commissioner; 
(2) provided incorrect, misleading, incomplete, 
or materially untrue information in an application 
for a Federal charter or a Federal producer license; 
(3) used fraudulent, coercive, or dishonest prac-
tices; or 
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(4) demonstrated incompetence, untrustworthi-
ness, or financial irresponsibility as an insurance 
producer. 
(b) NOTICE TO FEDERALLY LICENSED INSURANCE 
PRODUCER.—If the Commissioner determines that any 
conduct, breach, or violation specified in subsection (a) re-
quires revocation or restriction of the Federal producer li-
cense of a national agency or other federally licensed in-
surance producer, the Commissioner shall— 
(1) serve written notice on the national agency 
or other federally licensed insurance producer of the 
Commissioner’s intention to revoke or restrict the 
Federal producer license; 
(2) provide the national agency or other feder-
ally licensed insurance producer with a statement of 
the basis for the determination to revoke or restrict 
the Federal producer license; and 
(3) notify the national agency or other federally 
licensed insurance producer, not less than 30 days 
before a hearing under subsection (c), of the date 
and place of the hearing. 
(c) REVOCATION OR RESTRICTION HEARING.— 
(1) IN GENERAL.—Before revoking or restrict-
ing a Federal producer license, the Commissioner 
shall conduct a hearing in accordance with section 
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554 of title 5, United States Code, to determine if 
the conditions described in subsection (a) exist. 
(2) AUTHORITY TO REVOKE OR RESTRICT FED-
ERAL LICENSE.—If, on the basis of the evidence pre-
sented at the hearing under paragraph (1) and the 
written findings of the Commissioner with respect to 
such evidence, the Commissioner finds any conduct, 
condition, or violation specified in the notice sent to 
a national agency or other federally licensed insur-
ance producer under subsection (b), the Commis-
sioner may issue an order revoking or restricting the 
Federal producer license of the national agency or 
other federally licensed insurance producer, which 
shall be effective as of a date subsequent to such 
finding. 
(3) CONSENT
TO
REVOCATION
OR
RESTRIC-
TION.—If a duly authorized representative of the na-
tional agency or other federally licensed insurance 
producer fails to appear at the hearing under this 
subsection, the national agency or other federally li-
censed insurance producer shall be deemed to have 
consented to the revocation or restriction of its Fed-
eral producer license, and the Commissioner may im-
mediately revoke or restrict such Federal producer 
license. 
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(d) NOTICE OF REVOCATION OR RESTRICTION RE-
QUIRED.— 
(1) NOTICE BY FEDERALLY LICENSED INSUR-
ANCE PRODUCER.—Each national agency or other 
federally licensed insurance producer shall give writ-
ten notice of revocation or restriction under this sec-
tion to each national insurer or State insurer for 
which such agency or producer acts as an insurance 
producer. 
(2) NOTICE BY COMMISSIONER.— 
(A) IN
GENERAL.—The Commissioner 
shall publish notice of a revocation or restric-
tion under this section. If the Commissioner de-
termines that a national agency or other feder-
ally licensed insurance producer has not given 
notice of an order under this subsection in ac-
cordance with the requirements of the Commis-
sioner, the Commissioner may provide such no-
tice in any manner that the Commissioner de-
termines to be necessary and proper. 
(B) COSTS.—The cost of any notice pro-
vided under subparagraph (A) shall be paid by 
the national agency or other federally licensed 
insurance producer. 
(e) TEMPORARY SUSPENSION OR RESTRICTION.— 
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(1) IN GENERAL.—If the Commissioner, in the 
course of a revocation or restriction proceeding 
under this section, finds that the national agency or 
other federally licensed insurance producer poses an 
immediate threat to the interests of the policyholders 
of a national insurer or a State insurer as a whole, 
or to the public, the Commissioner may issue a tem-
porary order suspending or restricting the Federal 
producer license of the agency or other producer. 
(2) NOTICE OF TEMPORARY ORDER.—The na-
tional agency or other federally licensed insurance 
producer shall give notice of a temporary order 
issued under this paragraph in such manner and at 
such times as the Commissioner may find to be nec-
essary and may order for the protection of policy-
holders and the public. 
(3) 
EFFECTIVE
PERIOD
OF
TEMPORARY 
ORDER.—Any temporary order issued under para-
graph (1) shall— 
(A) become effective not earlier than 10 
days from the date of service upon the national 
agency or other federally licensed insurance 
producer; and 
(B) unless set aside, limited, or suspended 
by a court under paragraph (4), remain effec-
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bajohnson on PROD1PC69 with BILLS
tive and enforceable until an order of the Com-
missioner under subsection (c) becomes final or 
until the Commissioner dismisses the pro-
ceedings under paragraph (4). 
(4) JUDICIAL REVIEW.— 
(A) IN GENERAL.—During the 10-day pe-
riod beginning on the date on which a tem-
porary order has been issued under paragraph 
(1), the national agency or other federally li-
censed insurance producer may apply to a court 
described in subparagraph (B) for an injunction 
setting aside, limiting, or suspending the en-
forcement, operation, or effectiveness of such 
order. 
(B) JURISDICTION.—The United States 
District Court for the District of Columbia and 
the United States district court for the judicial 
district in which the federally licensed insurance 
producers (or the main office of the national 
agency) is located shall have jurisdiction to 
issue an injunction under this paragraph. 
(f) JUDICIAL REVIEW.—Any national agency or other 
federally licensed insurance producer whose Federal pro-
ducer license has been revoked or restricted by order of 
the Commissioner under this subsection shall have the 
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right of judicial review of such order only to the same ex-
tent as provided for the review of orders under section 
1148. 
SEC. 1143. CEASE-AND-DESIST PROCEEDINGS. 
(a) NOTICE.— 
(1) ISSUANCE.—The Commissioner may issue 
and serve upon a national insurer, national agency, 
federally licensed insurance producer, or insurer-af-
filiated party a notice of charges if the Commis-
sioner determines that such insurer, agency, pro-
ducer, or party— 
(A) has engaged, or is about to engage, in 
conduct that is hazardous to a national insurer 
or a State insurer and involves an undue risk 
to the policyholders as a whole of a national in-
surer or a State insurer; or 
(B) has violated, or is about to violate— 
(i) a law, rule, or regulation; 
(ii) any condition imposed in writing 
by the Commissioner in connection with 
the granting of any application, filing, 
statement, notice, or other request by the 
national insurer, national agency, federally 
licensed insurance producer, or party; or 
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