6-1405. Issuance of license or branch office
permit; license year; requirements
A. If no grounds for denial of a license or branch office permit are found to
exist, the superintendent shall, within one hundred twenty days of receiving a complete
application, grant the application and issue a license or branch office permit to the
applicant.
B. The license or branch office permit year for a licensee begins January 1 and
ends December 31 of each year.
C. All licenses and branch office permits issued shall remain in full force and
effect until surrendered, revoked or suspended.
D. A license or branch office permit remains the property of this state. On
termination at the request of the licensee or revocation by the superintendent, the
licensee shall immediately deliver the license or branch office permit to the
superintendent.
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