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Insurance Code | |
Third Party Administrators | |
Section 204 | Character requirements. |
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31A-25-204. Character requirements. Each applicant for a license under this chapter shall show to the commissioner all of the following: (1) he or it has the good faith intent to engage in the type of business the license applied for would permit; (2) if a natural person, he is competent and trustworthy, or, if a partnership or corporation, all the partners, directors, principal officers, or persons having comparable powers are trustworthy; and (3) if a natural person, he is at least 18 years of age.
Enacted by Chapter 242, 1985 General Session |
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