Delaware § 3406 - License to accept preneed contract required; fees.

§ 3406. License to accept preneed contract required; fees.

(a) No person, firm, partnership, association or corporation may, without first securing from the Commissioner a license, accept or hold payments made on preneed burial contracts, except insured institutions as defined in § 3401 of this title. Application for a license shall be in writing, signed by the applicant and duly verified on forms furnished by the Commissioner. Each application shall contain at least the following:

The full name and address (both residence and place of business) of the applicant and every member, officer and director thereof if the applicant is a firm, partnership, association or corporation. Any license issued pursuant to the application shall be valid only at the address stated in the application for the applicant or at a new address approved by the Commissioner.

(b) Upon receipt of the application and payment of a license fee of $25, the Commissioner shall issue a license, unless the Commissioner determines that the applicant has made false statements or representations in the application, or is insolvent, or has conducted or is about to conduct business in a fraudulent manner, or is not duly authorized to transact business in this State.

24 Del. C. 1953, §  3124;  58 Del. Laws, c. 415, §  2;  63 Del. Laws, c. 145, §  1;  68 Del. Laws, c. 389, §  5;  70 Del. Laws, c. 186, §  1;  71 Del. Laws, c. 19, §§  10, 17;