If the commissioner finds that an insurer has met the requirements for and is fully entitled thereto under this code, he or she shall issue to it a proper certificate of authority. If the commissioner does not so find, the authority shall be refused within a reasonable length of time following completion by the insurer of the application therefor.

[ 2009 c 549 s 7015; 1947 c 79 s .05.11; Rem. Supp. 1947 s 45.05.11.]