Guam § 15905 - License Application.
Full text of Guam Guam Code Annotated § 15905 — License Application., with citation guidance and answers to common questions.
§ 15905. License Application.
(a) An individual applying for an adjuster license shall
submit an application to the Commissioner of Banking and
Insurance on the appropriate National Association of Insurance
Commissioners (NAIC) Uniform Individual Application, or other
application prescribed by the Commissioner of Banking and
Insurance, and declare under penalty of suspension, revocation, or
refusal of the license that the statements made in the application
are true, correct, and complete to the best of the individual’s
knowledge and belief. Before approving the application, the
Commissioner of Banking and Insurance shall find that the
individual:
(1) is at least eighteen (18) years of age;
(2) is a resident of Guam;
(3) has not committed any act that is a ground for
probation, suspension, revocation, or refusal of an adjuster’s
license as set forth in § 15910 of this Article;
(4) has successfully passed the Guam examination for
the line(s) of authority for which the person has applied; and
(5) has paid the fees set forth in this Article.
(b) A business entity applying for an adjuster license shall
make application to the Commissioner of Banking and Insurance
on the appropriate National Association of Insurance
Commissioners (NAIC) Uniform Business Entity Application, or
other application prescribed by the Commissioner of Banking and
Insurance, and declare under penalty of suspension, revocation, or
refusal of the license that the statements made in the application
are true, correct, and complete to the best of the business entity’s
knowledge and belief. Before approving the application, the
Commissioner of Banking and Insurance shall find that the
business entity:
(1) is a resident of Guam;
(2) has designated a licensed individual adjuster
responsible for the business entity’s compliance with the
insurance laws, rules, and regulations of Guam;
(3) has not committed an act that is a ground for
probation, suspension, revocation, or refusal of an adjuster’s
license as set forth in § 15910 of this Article; and
(4) has paid the fees set forth in this Article.
(c) The Commissioner of Banking and Insurance may require
any documents reasonably necessary to verify the information
contained in the application.
Frequently Asked Questions About Guam § 15905
What does Guam Code Annotated § 15905 cover?
Section 15905 ("License Application.") is part of the Guam Code Annotated, the codified statutory law of Guam. 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 Guam § 15905?
A common citation format is "Guam Code Annotated § 15905" (Guam). 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 Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 15905 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam 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 Guam.