80-4-534. Cancellation of insurance -- suspension of license. Upon cancellation of any policy of insurance required by 80-4-502 and 80-4-506, the insurance company involved shall give 30 days' advance notice to the department by certified mail, return receipt requested, of cancellation of the policy. If the policy is canceled, the department shall immediately suspend the license of such uninsured warehouse operator without a hearing, pursuant to the Montana Administrative Procedure Act. The suspension may not be removed until satisfactory evidence of the existence of an effective policy of insurance complying with the requirements of 80-4-502 and 80-4-506 has been submitted to the department or until further order by the department or a court of competent jurisdiction.
History: En. Sec. 41, Ch. 539, L. 1983; amd. Sec. 20, Ch. 452, L. 1993.
Structure Montana Code Annotated
Chapter 4. Agricultural Commodities
Part 5. Agricultural Commodity Warehouse Operators
80-4-501. License necessary to operate public warehouse
80-4-502. Licenses to warehouse operator -- issuance -- renewal -- conditions precedent
80-4-504. Bond of applicant for license -- additional bond -- additional obligations
80-4-505. Amount of bond -- cancellation
80-4-507. through 80-4-520 reserved
80-4-521. Duties of warehouse operator -- content of records
80-4-522. Schedule of charges -- posting
80-4-523. Required receipt of agricultural commodities according to capacity
80-4-524. Discrimination in charge by warehouse operator prohibited
80-4-525. Scale weight tickets -- form -- issuance
80-4-526. Warehouse receipts -- written terms
80-4-527. Warehouse receipt -- issuance -- cancellation
80-4-528. Penalty for unlawful issue of warehouse receipts
80-4-530. Shipment of stored grain to terminal grain warehouse outside state
80-4-532. Delivery of grain from different warehouse
80-4-533. Loss of receipts -- conditions of reissue
80-4-534. Cancellation of insurance -- suspension of license
80-4-537. Examination of stored agricultural commodities