Title 33, Chapter 22, Section 3
(a) 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.
(b) The annual license fee shall be as provided in Code Section 33-8-1. Licenses may be renewed from year to year as of March 1 of each year upon payment of the fee as provided in Code Section 33-8-1. The fee for said license shall be paid to the Commissioner for use by the state.
(c) Before any licensee changes his address he shall return his
license to the Commissioner who shall endorse the license indicating
(d) Subject to the penalties of perjury, the person to whom the
license or the renewal of the license may be issued shall file sworn
answers to such interrogatories 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 may in his discretion
refuse to issue or renew a license in the name of any firm,
partnership, or corporation if he is not satisfied that any officer,
employee, stockholder, or partner thereof who may materially
influence the applicant's conduct meets the standards of this
(e) Any person who shall engage in the business of financing
insurance premiums in this state without obtaining a license as
provided in this Code section shall, upon conviction, be subject to
a fine of not more than $1,000.00.