Title 31A Chapter 25 Section 204

Insurance Code
Third Party Administrators
Section 204
Character requirements.


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