Sec 6-1405. Issuance of license or branch office permit; license year; requirements

A. If no grounds for denial of a license or branch office permit are found to exist, the superintendent shall, within one hundred twenty days of receiving a complete application, grant the application and issue a license or branch office permit to the applicant.

B. The license or branch office permit year for a licensee begins January 1 and ends December 31 of each year.

C. All licenses and branch office permits issued shall remain in full force and effect until surrendered, revoked or suspended.

D. A license or branch office permit remains the property of this state. On termination at the request of the licensee or revocation by the superintendent, the licensee shall immediately deliver the license or branch office permit to the superintendent.