                                 CODE OF VIRGINIA

QUALIFICATIONS (§ 6.2-1806)

A. Upon the filing and investigation of an application for a license, and
compliance by the applicant with the provisions of §§ 6.2-1803 and 6.2-1804,
the Commission shall issue and deliver to the applicant the license applied for
to engage in business under this chapter at the offices specified in the
application if it finds:

   1. That the financial responsibility, character, reputation, experience, and
   general fitness of the applicant and its members, senior officers, directors,
   and principals are such as to warrant belief that the business will be
   operated efficiently and fairly, in the public interest and in accordance with
   law; and

   2. That the applicant has unencumbered liquid assets per office available for
   the operation of the business of at least $25,000.

B. If the Commission fails to make such findings, no license shall be issued and
the Commissioner shall notify the applicant of the denial and the reasons for
such denial.

HISTORY: 2002, c. 897, § 6.1-450; 2010, c. 794.