Vermont § 7003 Issuance and renewal of license

Vermont Statutes

§ 7003 — Issuance and renewal of license

Vermont § 7003

Title 8Title 8: Banking and Insurance

Ch. 143Chapter 143: Insurance Premium Finance Companies

This text of Vermont § 7003 (Issuance and renewal of license) is published on Counsel Stack Legal Research, covering Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Vt. Stat. Ann. tit. 8, § 7003 (2026).

Text

(a)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 the applicant is qualified in accordance with this chapter. If the Commissioner does not so find, he or she shall within 30 days after he or she has declined such application, at the request of the applicant, give the applicant a full hearing.

(b)The Commissioner shall issue or renew a license as may be applied for when he or she 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 applied for;

(2)has a good business reputation and has had experience, training, or education so as to be qualified in the business for which the li

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(a) 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 the applicant is qualified in accordance with this chapter. If the Commissioner does not so find, he or she shall within 30 days after he or she has declined such application, at the request of the applicant, give the applicant a full hearing.
(b) The Commissioner shall issue or renew a license as may be applied for when he or she 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 applied for;
(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 applied for; 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.