33-17-214. Issuance of license -- contents -- lapse of license -- change of address. (1) The commissioner shall promptly issue a license to a person pursuant to 33-17-211 and 33-17-212.
     (2) The license must state the name and address of the licensee, personal identification number, date of issuance, general conditions relative to expiration or termination, kind of insurance covered, and such other information as the commissioner considers necessary.
     (3) The license of a partnership, corporation, or association must also state the name of each individual authorized to exercise the license powers.
     (4) Each license remains in effect, unless suspended or revoked, as long as the fees required by 33-2-708 are paid.
     (5) An individual who allows his license to lapse may, within 12 months from the due date of the unpaid annual fee, apply for the same license without having to pass a written examination if he pays a penalty in the amount of twice the unpaid annual fee.
     (6) A person shall inform the commissioner in writing of a change of address within 30 days of the change.

     History: En. Sec. 159, Ch. 286, L. 1959; R.C.M. 1947, 40-3315; amd. Sec. 4, Ch. 345, L. 1979; amd. Sec. 24, Ch. 713, L. 1989.