KRS 304.30-030: Licenses.

(1) No person shall engage in the business of financing insurance premiums in this state

without first having obtained a license as a premium finance company from the

commissioner.

(2) The annual license fee shall be as specified in Subtitle 4 of this chapter. Licenses

may be renewed from year to year as of the first day of May of each year upon

payment of the fee.

(3) The person to whom the license or the renewal thereof may be issued shall file

sworn answers, subject to the penalties of perjury, to such inter rogatories as the

commissioner may require. The commissioner shall have authority, at any time, to

require the applicant fully to disclose the identity of all stockholders, partners,

officers, and employees and he or she may, in his or her discretion, refu se to issue

or renew a license in the name of any firm, partnership, or corporation if the

commissioner is not satisfied that any officer, employee, stockholder, or partner

thereof who may materially influence the applicant's conduct meets the standards of

this subtitle.