40-2605. Investigation by commissioner; issuance of license. Upon the filing of an application and the payment of the license fee the commissioner shall make an investigation of each applicant and shall issue a license if he finds 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 so as to be qualified in the business for which the license is applied for, and
(c) if a corporation, is a corporation incorporated under the laws of this state or a foreign corporation authorized to transact business in this state.
History: L. 1968, ch. 287, ยง 5; July 1.
Structure Kansas Statutes
Article 26 - Insurance Premium Financing
40-2603 Act inapplicable, when.
40-2604 Licensure; violation, penalty; continuation, fee; application; authority of commissioner.
40-2605 Investigation by commissioner; issuance of license.
40-2606 Revocation or suspension of license, grounds; hearing; other penalties.
40-2607 Records required to be maintained; examination; fees and expenses; duration.
40-2608 Rules and regulations.
40-2609 Premium finance agreement.
40-2610 Service charges; computation; maximum; refund on prepayment.
40-2612 Cancellation of insurance contracts, when; notice; duty of insurer; refund.