Sec. 38a-162. (Formerly Sec. 38-292). License required. Expiration. Fee. Required information.
Sec. 38a-162. (Formerly Sec. 38-292). License required. Expiration. Fee. Required information. (a) No person shall engage in the business of financing insurance
premiums, secured by any insurance premium finance agreement, in this state without
having first obtained from the commissioner a license to act as an insurance premium
finance company. Any person who engages in the business of financing insurance premiums, secured by any insurance premium finance agreement, in this state without first
obtaining a license as herein provided shall, upon conviction be guilty of a class A
misdemeanor.
(b) All licenses issued under the provisions of sections 38a-160 to 38a-170, inclusive, shall expire on the thirtieth day of June following the date of their issuance. At the
time of application for an insurance premium finance company license and for every
annual renewal thereof there shall be paid to the commissioner the sum of fifty dollars.
If a license is not issued the fee shall be returned.
(c) Any person applying for an insurance premium finance license or for the renewal
of any such license, shall file with the commissioner sworn answers to such interrogatories as he may require and any person who intentionally makes any false answer to any
such interrogatory shall be guilty of perjury.
(d) The commissioner may at any time require any applicant for a license under
sections 38a-160 to 38a-170, inclusive, fully to disclose the identity of all stockholders,
partners, officers and employees of his firm, partnership or corporation, and he may
refuse to issue or renew any license under said sections in the name of any firm, partnership or corporation if he is satisfied that any officer, employee, stockholder or partner
thereof, may materially influence the applicant's conduct so that he does not meet the
standards or qualifications required of a licensee under said sections.
(1971, P.A. 425, S. 3.)
History: Sec. 38-292 transferred to Sec. 38a-162 in 1991.