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This entry was published on 2014-09-22
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SECTION 555
License
Banking (BNK) CHAPTER 2, ARTICLE 12-B
§ 555. License. 1. No person except a lending institution or an
authorized insurer shall engage in the business of a premium finance
agency without a license therefor obtained from the superintendent, as
provided in this article.

2. Application for license required under this article shall be in
writing, and in the form prescribed by the superintendent.

3. When an applicant has more than one office, separate applications
for license shall be made for each such office.

4. At the time of filing an application for a license, the applicant
shall pay to the superintendent an investigation fee. The investigation
fee shall be as prescribed pursuant to section eighteen-a of this
chapter, except that, when an applicant files applications for licenses
for three or more offices at the same time, the total investigation fee
for all the applications shall be three times the amount prescribed
pursuant to section eighteen-a of this chapter.