§ 33-35-4 — Licenses required for sponsors of prepaid legal services plans; license fee; endorsement of change of address on license; requirements as to applications for licenses generally

(a) No person other than an insurer, as defined in paragraph (2) of Code Section 33-35-2 , shall act as a sponsor or enter into any contract with an individual person or persons whereby such person or persons become subscribers to a prepaid legal services plan without first having obtained a license from the Commissioner to act as sponsor of prepaid legal services in this state. (b) The annual license fee shall be as provided in Code Section 33-8-1 . The fee for the license shall be paid to the Commissioner for the use of the state on or before March 1 of each year. (c) Before any licensee changes his address, he shall return his license to the Commissioner who shall endorse the license, indicating the change. (d) The person to whom the license or the renewal of such license may be issued shall file sworn answers, subject to the penalties of perjury, to such interrogatories as the Commissioner may require. The Commissioner shall have authority at any time to require the applicant fully to disclose the identity of all stockholders, partners, officers, and employees; and he may in his discretion refuse to issue or renew a license in the name of any firm, partnership, or corporation if he is not satisfied that any officer, employee, stockholder, or partner of the firm, partnership, or corporation who may materially influence the applicant's conduct meets the standards of this chapter.