33-20-1304. Issuance of license.
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/mt/title-33/chapter-20/part-13/33-20-1304·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-20-1304 . Issuance of license.
(1)The commissioner may issue a license to the applicant if the commissioner determines that the applicant:
(a)has satisfied all of the requirements for the license for which an application is made;
(b)has not engaged in conduct that would authorize the commissioner to refuse to issue a license under this part; and
(c)is financially responsible and has a good business reputation.
(2)If the commissioner denies an application, the commissioner shall inform the applicant and state the grounds for the denial.
(3)An individual may act as a viatical settlement provider or viatical settlement broker under the authority of the license of a firm or of a corporate viatical settlement provider whether or not the individual holds a license as a viatical settlement provider if:
(a)the individual is a member or employee of the firm or is an employee, officer, or director of the corporation; and
(b)the individual is designated by the firm or corporation on its license application or on a form that amends or supplements the application as being authorized to act as a viatical settlement provider under the authority of the license.