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46 U.S.C. § 40903 — Suspension or revocation of license

submitted 20 years ago by Pub. L. 109-304 to r/title-46-SHIPPING · 109 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Federal Maritime Commission can suspend or revoke an intermediary's license after giving notice and a hearing. This happens if the intermediary isn't qualified or willfully breaks the rules. The Commission can also revoke a license if the intermediary drops its required bond or insurance.

(a) Failure To Maintain Qualifications or To Comply
After giving notice and a chance for a hearing, the Federal Maritime Commission must suspend or revoke an ocean transportation intermediary's license if it finds the intermediary either isn't qualified to provide intermediary services, or willfully failed to follow a rule under this part or a Commission order or regulation.

(b) Failure To Maintain Bond, Proof of Insurance, or Other Surety
The Commission may also revoke a license if the intermediary fails to keep the bond, proof of insurance, or other surety required by section 40902(a) of this title.

the actual law source: uscode.house.gov ↗public domain
(a)Failure To Maintain Qualifications or To Comply.—

The Federal Maritime Commission, after notice and opportunity for a hearing, shall suspend or revoke an ocean transportation intermediary’s license if the Commission finds that the ocean transportation intermediary—

(1)

is not qualified to provide intermediary services; or

(2)

willfully failed to comply with a provision of this part or with an order or regulation of the Commission.

(b)Failure To Maintain Bond, Proof of Insurance, or Other Surety.—

The Commission may revoke an ocean transportation intermediary’s license for failure to maintain a bond, proof of insurance, or other surety as required by section 40902(a) of this title.

Source credit: (Pub. L. 109–304, § 7, Oct. 6, 2006, 120 Stat. 1539.)

history & why it existsrecord from the source credit
  • 2006Enacted · Pub. L. 109-304 · 120 Stat. 1539

A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-304 on 2006-10-06.

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