Section 37-25A-35 – Receipt by director as filing–Records maintained–Public inspection.
37-25A-35. Receipt by director as filing–Records maintained–Public inspection. A document is filed when it is received by the director of the Division of Insurance. The director shall keep a register of all applications for registration and disclosure documents which are or have been effective under this chapter and all orders which have been entered under […]
Section 37-25A-20 – Summary suspension or postponement of effectiveness of registration–Notice–Hearing–Modification.
37-25A-20. Summary suspension or postponement of effectiveness of registration–Notice–Hearing–Modification. The director of the Division of Insurance may by order summarily postpone or suspend the effectiveness of the registration pending final determination of any proceeding under this chapter. Upon the entry of the order, the director shall promptly notify the seller that the order has been […]
Section 37-25A-36 – Interpretive opinions by director–Fee.
37-25A-36. Interpretive opinions by director–Fee. The director of the Division of Insurance may honor written requests from interested persons for interpretative opinions upon the payment of twenty-five dollars. Source: SL 1985, ch 305, §36; SL 2017, ch 231 (Ex. Ord. 17-2), §19, eff. Apr. 13, 2017.
Section 37-25A-21 – Prerequisites to entry of stop order.
37-25A-21. Prerequisites to entry of stop order. No stop order may be entered under any part of this chapter, except under §37-25A-20, without appropriate prior notice to the seller, opportunity for hearing, and written findings of fact and conclusions of law. Source: SL 1985, ch 305, §21.
Section 37-25A-37 – Sales and offers subject to chapter.
37-25A-37. Sales and offers subject to chapter. The provisions of this chapter concerning sales and offers to sell apply to persons who sell or offer to sell if: (1)An offer to sell is made in this state; (2)An offer to purchase is made and accepted in this state; or (3)The purchaser is domiciled in this […]
Section 37-25A-22 – Vacation or modification of orders–Grounds.
37-25A-22. Vacation or modification of orders–Grounds. The director of the Division of Insurance may vacate or modify an order issued under this chapter if the director finds that the conditions which prompted its entry have changed or that it is otherwise in the public interest to do so. Source: SL 1985, ch 305, §22; SL […]
Section 37-25A-38 – Offers to sell made in this state.
37-25A-38. Offers to sell made in this state. For the purpose of this chapter, an offer to sell is made in this state, whether either party is then present in this state, if: (1)The offer originates from this state; or (2)The offer is directed by the offeror to this state and received at the place […]
Section 37-25A-23 – Net worth or bond requirements for use of income, refund, or repurchase representations.
37-25A-23. Net worth or bond requirements for use of income, refund, or repurchase representations. In connection with the offer or sale of a business opportunity, no seller may make or use any of the representations set forth in subsections 37-25A-1(2)(d) and (2)(e) unless the seller has at all times a minimum net worth of twenty-five […]
Section 37-25A-39 – Offers to sell accepted in this state.
37-25A-39. Offers to sell accepted in this state. For the purpose of this chapter, an offer to sell is accepted in this state if acceptance: (1)Is communicated to the offeror in this state; and (2)Has not previously been communicated to the offeror, orally or in writing, outside this state; and acceptance is communicated to the […]
Section 37-25A-24 – Period bond required–Notice required prior to lapse.
37-25A-24. Period bond required–Notice required prior to lapse. If the seller is required to obtain a surety bond, the seller shall maintain a surety bond for the duration of the guarantee or representation giving rise to the surety bond requirement. Upon expiration of the period of the guarantee, the seller may allow the surety bond […]