Arizona § 6-1402 - Licensure required; contents of application; fees; nontransferable; branch office permit
Full text of Arizona Arizona Revised Statutes § 6-1402 — Licensure required; contents of application; fees; nontransferable; branch office permit, with citation guidance and answers to common questions.
§ 6-1402. Licensure required; contents of application; fees; nontransferable; branch office permit
A. A person shall not engage in the business of a premium finance company in this state without first being licensed as a premium finance company by the deputy director. A person who is not exempt under section 6-1403 and who advertises for, solicits or holds himself out as willing to finance premiums or enter into or acquire premium finance agreements is presumed to be engaged in the business as a premium finance company.
B. A licensee shall not establish a branch office without first obtaining a branch office permit from the deputy director.
C. An application for a license or branch office permit shall be made in writing, under oath, and in the form prescribed by the deputy director. The deputy director may require as part of an application such other information as the deputy director deems necessary.
D. An applicant at the time of filing an application for a license or branch office permit shall pay to the deputy director the fee prescribed in section 6-126.
E. Prior to December 31 of each year, each licensee may obtain a renewal of a license or branch office permit by payment of the fee prescribed in section 6-126.
F. A premium finance company license or branch office permit is not transferable or assignable, and control shall not be acquired through stock purchase or other device without the prior written consent of the deputy director. The deputy director may refuse consent if the deputy director finds that any of the grounds for denial, revocation or suspension of a license prescribed by section 6-1404 are applicable to the acquiring person. For purposes of this subsection, "control" means the power to vote more than twenty percent of outstanding voting shares of a licensed corporation, limited liability company, partnership, association or trust.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 6-1402
What does Arizona Revised Statutes § 6-1402 cover?
Section 6-1402 ("Licensure required; contents of application; fees; nontransferable; branch office permit") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 6-1402?
A common citation format is "Arizona Revised Statutes § 6-1402" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 6-1402 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.