KRS 286.8-080: Factors for use by commissioner in determining approval or disapproval

of application.

Upon receipt of the application the commissioner shall first determine whether or not it

complies with the provisions of this subtitle and, if the commissioner so finds, he or she

shall then inquire into the advisability of approving the application by determining

whether the applicant demonstrates such financial responsibility, financial condition, and

business expertise, character and general fitness to reasonabl y warrant the belief that the

applicant's business will be conducted honestly, fairly and efficiently and in such a way as

to justify public confidence. The commissioner may investigate and consider the

qualifications of officers and directors or principal s of an applicant in determining

whether this qualification has been met. If the commissioner finds that the applicant

meets all the above requirements, he shall approve the application.