§ 2405A. Application for license — Form, fee, and accompanying documents.

198 words·~1 min read·/de/title-6/2405a

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)An application for license as a provider must be in a form prescribed by the Attorney General.

(b)An application for a license as a provider must be accompanied by:

(1)A nonrefundable fee of $2,000, which shall be deposited in the State Treasury to the credit of the State Consumer Protection Fund created under § 2527 of this title;

(2)The bond required by § 2413A of this title;

(3)Identification of all trust accounts required by § 2422A of this title, an irrevocable consent authorizing the Attorney General to review and examine the trust accounts, and the overdraft notification agreement required by § 2422A of this title;

(4)Evidence of insurance in the amount of $250,000:

(A)Against the risks of dishonesty, fraud, theft, and other misconduct on the part of the applicant or a director, employee, or agent of the applicant;

(B)Issued by an insurance company authorized to do business in this State and rated at least A by a nationally recognized rating organization;

(C)With no greater than a $5,000 deductible; and

(D)Naming the Attorney General as an additional interested party to receive notice upon cancellation of the policy.

(E)[Repealed.]