2016 Tennessee Code
Title 56 - Insurance
Chapter 37 - Premium Finance Company Act of 1980
§ 56-37-104. Investigation of applicants.
(a) Upon the filing of an application and the payment of the nonrefundable supervision fee, as provided in ยง 45-1-118(i), the commissioner shall make an investigation of each applicant and shall issue a license if the applicant is qualified in accordance with this chapter. If the commissioner does not so find, the commissioner shall, at the request of the applicant, give the applicant a full hearing in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.
(b) The commissioner shall issue or renew a license, as may be applied for, when the commissioner is satisfied that the person to be licensed:
(1) Is competent and trustworthy and intends to act in good faith in the capacity involved by the license for which the person applied;
(2) Has a good business reputation and has had experience, training or education so as to be qualified in the business for which the license is required; and
(3) If a corporation, is a corporation incorporated under the laws of this state or a foreign corporation authorized to transact business in this state.
Disclaimer: These codes may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
