| (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.
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