6-1108

6-1108. Failure to act on application as
approval

An application which is not denied or approved by the superintendent within sixty
days after the application is filed with the superintendent is deemed to be approved by
the superintendent as of the first day after the period. The superintendent and the
applicant may extend the sixty day period by agreement. If the superintendent gives
notice of a hearing, the sixty day period is extended to the date fixed by order of the
superintendent. For the purposes of this section, an application is not deemed filed
until all amendments, supplements and additional information required by the
superintendent have been received.