The commissioner shall require of each first-time applicant reasonable proof of character and competency with respect to the type and kind of insurance the applicant proposes to sell in order to protect public interest before issuing a license and may for good cause decline to issue a license. A license, whether it be a first-time or renewal license, may be suspended or revoked by the commissioner for good cause after hearing. The commissioner may issue a temporary license for a period not to exceed six months and for a temporary license may waive the requirements of this section.
Nothing contained herein shall preclude the licensee from engaging in any other lawful business, occupation or profession. Nothing contained herein shall be applicable to duly licensed attorneys providing surety bonds incident to their practice or to persons selling transportation tickets of a common carrier of persons or property who shall act as such agents only as to transportation ticket policies of health and accident insurance or baggage insurance on personal effects.
A first-time applicant for a license shall pay to the commissioner an application fee of ten dollars for each line of insurance.
[S13, § 1821-k; C24, 27, 31, 35, 39, § 9121; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 522.3; 82 Acts, ch 1003, § 11, 12]
Referred to in § 523F.15
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