sec.142ZBShow cause notice

### sec.142ZB Show cause notice If the commissioner believes a ground exists to suspend or cancel an approval as an approved manager, the commissioner must give the holder of the approval a written notice under this section (a show cause notice ). The show cause notice must state the following— the action (the proposed action ) the commissioner proposes taking under this division; the grounds for the proposed action; an outline of the facts and circumstances forming the basis for the grounds; if the proposed action is suspension of the approval—the proposed suspension period; an invitation to the holder to show within a stated period (the show cause period ) why the proposed action should not be taken. The show cause period must be a period ending not less than 21 days after the show cause notice is given to the holder. s 142ZB ins 2008 No. 48 s 52 amd 2012 No. 25 s 144 (1) (sec.142ZB-ssec.1) If the commissioner believes a ground exists to suspend or cancel an approval as an approved manager, the commissioner must give the holder of the approval a written notice under this section (a show cause notice ). (sec.142ZB-ssec.2) The show cause notice must state the following— the action (the proposed action ) the commissioner proposes taking under this division; the grounds for the proposed action; an outline of the facts and circumstances forming the basis for the grounds; if the proposed action is suspension of the approval—the proposed suspension period; an invitation to the holder to show within a stated period (the show cause period ) why the proposed action should not be taken. (sec.142ZB-ssec.3) The show cause period must be a period ending not less than 21 days after the show cause notice is given to the holder. - (a) the action (the proposed action ) the commissioner proposes taking under this division; - (b) the grounds for the proposed action; - (c) an outline of the facts and circumstances forming the basis for the grounds; - (d) if the proposed action is suspension of the approval—the proposed suspension period; - (e) an invitation to the holder to show within a stated period (the show cause period ) why the proposed action should not be taken.