Section 140.40  License

a)         For purposes of determining an applicant's qualifications for a license, the Department shall find an applicant financially responsible if it has a positive net worth.  Net worth means total assets minus total liabilities.

b)         An applicant shall possess at least 6 months of relevant business experience.

c)         In order to determine the applicant's general fitness and character, the Director may require applicants to submit at least 2 letters of recommendation from persons familiar with the applicant or the applicant's business.

d)         Any applicant applying for a license shall submit the required bond, the application for license and all required information at the time of application for a license.

(Source:  Amended at 26 Ill. Reg. 14243, effective October 1, 2002)