(1) A person shall file an application for a new or renewal license under this act in writing, under oath, and in the form prescribed by the administrator.
  (2) A complete license application shall contain all of the following:

Terms Used In Michigan Laws 492.104

  • Administrator: means the director of the department of insurance and financial services. See Michigan Laws 492.102
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • in writing: shall be construed to include printing, engraving, and lithographing; except that if the written signature of a person is required by law, the signature shall be the proper handwriting of the person or, if the person is unable to write, the person's proper mark, which may be, unless otherwise expressly prohibited by law, a clear and classifiable fingerprint of the person made with ink or another substance. See Michigan Laws 8.3q
  • Licensee: means a person issued a license under this act as an installment seller or a sales finance company and whose license has not expired or been surrendered or revoked, and in the plural means a person or persons licensed under 1 or both of these 2 classifications. See Michigan Laws 492.102
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: means an individual, partnership, association, corporation, limited liability company, governmental entity, or any other legal entity. See Michigan Laws 492.102
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
  (a) The name under which the business is conducted.
  (b) The address of the principal place of business and of each other place of business, if more than 1.
  (c) One of the following:
  (i) The date and place of incorporation and the name and address of all officers and directors if the applicant is a corporation.
  (ii) The name and residence address of the owner if the applicant is an individual owner or operating under an assumed name.
  (iii) The name and residence address of all owners, partners, or members if the applicant is a partnership, association, or limited liability company.
  (d) An appointment under subsection (3), if applicable.
  (e) The bond required under section 5, if applicable.
  (f) The license fee or fees required under section 5.
  (g) Any other information the administrator requires.
  (3) If a license applicant does not maintain an office in this state and does not have a resident agent in this state, the application shall include a written appointment of a statutory agent upon whom process, notice, or demand may be served. The statutory agent shall be an individual residing in this state or a corporation whose principal place of business is located in this state. If the identity or address of the statutory agent changes while the application is pending or after a license is issued, the applicant or licensee shall within 3 days file with the department a written appointment of the new statutory agent or written notice of the new address, as applicable.
  (4) A new or renewal license applicant shall submit a separate application, on the prescribed form, for each place of business conducted by or to be established by the licensee within this state.
  (5) An applicant for a renewal license shall submit the application for renewal of the license on or before the June 16 preceding the renewal period.
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