33-9-14. Examination of rating organization application; investigation of applicant; issuance of license; duration of license.

The Commissioner shall examine each application for license to act as a rating organization and the documents filed therewith and may make such further investigation of the applicant, its affairs, and its proposed plan of business as he deems desirable.#

The Commissioner shall issue the license applied for within 60 days of its filing with him, if from such examination and investigation he is satisfied that:#

1. (1)

   The business reputation of the applicant and its officers is good;#

2. (2)

   The facilities of the applicant are adequate to enable it to furnish the services it proposes to furnish; and#

3. (3)

   The applicant and its proposed plan of operation conform to the requirements of this chapter.#

Otherwise, but only after hearing upon notice, the Commissioner shall in writing deny the application and notify the applicant of his decision and his reasons therefor.#

The Commissioner may grant an application in part only and issue a license to act as a rating organization for one or more of the classes of insurance or subdivisions thereof or class of risk or a part or combination thereof as are specified in the application if the applicant qualifies for only a portion of the classes applied for.#

Licenses issued pursuant to this Code section shall remain in effect until revoked as provided in this chapter.#