Montana Code 33-14-202. Applicant qualifications — hearing
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.
Terms Used In Montana Code 33-14-202
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(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.