KRS 304.30-040: Action by commissioner on application.

(1) Upon the filing of an application and the payment of the license fee, the

commissioner shall make an investigation of each applicant and shall issue a license

if the applicant is qualified in accordance with this subtitle. If the commissioner

does not so f ind, he or she shall, within sixty (60) days after he or she has received

the application, at the request of the applicant, give the applicant an administrative

hearing. Hearings under this subtitle shall be conducted in accordance with KRS

Chapter 13B.

(2) The commissioner shall issue or renew a license as may be applied for when he or

she is satisfied that the person to be licensed:

(a) Is competent and trustworthy and intends to act in good faith in the capacity

involved by the license applied for;

(b) Has a good business reputation and has had experience, training, or education

so as to be qualified in the business for which the license is applied for; and

(c) If a corporation, is a corporation incorporated under the laws of this state or a

foreign corporation authorized to transact business in this state.