Section 24.07 - Cancellation and Interruption of Coverage(1) Cancellation or any other interruption in required insurance coverage, or failure to maintain required designated and segregated capital, shall require the LLP or LLC to immediately cease the business of insurance until such time as the LLP or LLC is in compliance with 211 CMR 24.00.(2) An LLP or LLC must notify the Division in writing, within five business days, if the LLP's or LLC's insurance coverage is canceled or otherwise interrupted or if the LLP's or LLC's designated and segregated capital falls below the amount required in 211 CMR 24.04. Failure to provide required notice to the Division will subject the LLP or LLC and their respective partners or members who are licensed by the Division to disciplinary action, pursuant to M.G.L.c.175, § 163.(3) An LLP or LLC may be required to provide verification of compliance with 211 CMR 24.00, satisfactory to the Division, on initial application, renewal, and at any other time, at the request of the Division.