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(a) The department will conduct an investigation of the applicant and will issue a premium finance company license if all requirements for licensure are met and the department has been reimbursed the full cost of its investigation of the applicant.
(b) If the department finds that the applicant has not met the requirements for licensure, the department will, within 30 days of receipt of the application and fees, notify the applicant that the application is denied and inform the applicant of the hearing procedures if the applicant desires to contest the denial. The 30-day period is stopped for the duration of delays caused by applicant in providing insufficient or inaccurate information or by submitting forms or schedules that do not comply with the law of Alaska. If the application is denied, the $200 annual license fee and the unexpended portion of the investigation fee will be returned to the applicant.
History: Eff. 4/28/79, Register 70
Authority: AS 06.01.010
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The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.
If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.
Last modified 7/05/2006