1. (a) A seller may not sell or provide prepaid services or merchandise or a contract designed to provide a funding mechanism to be used in conjunction with the purchase of prepaid services or merchandise under this chapter without first obtaining a certificate of authority from the board. However, an employee of a seller is exempt from subsections (b) and (c).

2. (b) A seller who seeks a certificate of authority must submit a statement to the board that includes the following:

   1. (1) The seller's name and the address of the place of business.
   2. (2) Information considered necessary by the board to show evidence of the seller's good moral character, reputation for fair dealing in business matters, and lack of a criminal record.
   3. (3) The name, address, and Social Security number of each person authorized to directly represent the seller as an agent.
   4. (4) A statement by the seller notarized and affirmed under the penalties for perjury that all payments required under section 27 of this chapter have been made.
3. (c) Upon issuance, the certificate of authority shall be posted conspicuously in the seller's place of business.
4. (d) A seller holding a certificate of authority or an agent of a seller who engages in door-to-door solicitation shall present a copy of the certificate of authority upon entry onto the premises of a prospective purchaser.
5. (e) A certificate of authority issued under this chapter expires annually on March 1.
6. (f) The board may renew a certificate of authority upon receipt of an application for renewal that includes the information listed in subsection (b).

As added by P.L.200-1991, SEC.1. Amended by P.L.207-1993, SEC.34; P.L.173-1996, SEC.16; P.L.195-1997, SEC.4; P.L.84-1998, SEC.27.