Guam § 15702 - Endorsement of Qualifications.

§ 15702. Endorsement of Qualifications.

The Commissioner shall investigate the qualifications of any

person applying for a license or renewal. For the purpose of his

investigation, he shall require the applicant to file with him a

statement, verified under oath, as follows:

(a) The name, age, business and residence address of the

applicant, and if the applicant is a firm or corporation, the

name and address of each person thereof designated to act for

him;

(b) The type of license applied for and a description of

the type of business to be engaged in under such licenses,

including the classes of insurance he proposes to represent;

(c) The previous insurance experience of the applicant,

if any, together with the names and addresses of all insurers

or agents whom he represented or was employed by;

(d) A statement that the principal use of such license is

not to effect insurance on the applicant's own life, property

or risks, or on the life, property or risks of an employee or

member of his family;

(e) Such other information as the Commissioner shall

require by regulations or specifically request of the applicant.