33-14-202. Applicant qualifications -- hearing.
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33-14-202 . Applicant qualifications -- hearing.
(1)Upon the filing of an application and the payment of the license fee, the commissioner may make a background examination of each applicant and shall issue a premium finance company license if the applicant is qualified in accordance with this chapter. If the commissioner denies the application, the applicant may file a written demand for a hearing pursuant to the provisions of 33-1-701 .
(2)The commissioner shall issue or renew a license when the commissioner is satisfied that the person to be licensed:
(a)is competent and trustworthy and intends to act in good faith in the capacity involved by the license applied for;
(b)has a good business reputation and has had experience, training, or education that qualifies the applicant in the business for which the license is applied; and
(c)if a corporation, is a corporation incorporated under the laws of the state or is a foreign corporation authorized to transact business in the state.