(a) The Commissioner of Assessments and Licenses shall not issue a license to any company except on condition that such company will assume all the responsibilities required of an association by Section 443.021(a).
(b) The Commissioner of Assessments and Licenses shall suspend or revoke any license granted under this chapter to any company which fails to perform any duties required of associations by Section 443.021(a).
(Ord. No. 1828-77. Passed 6-8-78, eff. 6-12-78)