Section 58-69-15 - Issuance or refusal of license; notice of hearing on refusal; renewalWithin 60 days after an application for license is filed, the Commissioner shall issue a license to the applicant unless he shall find:
(1) That the applicant has not met all of the requirements of this Article, or(2) That the applicant does not have sufficient financial responsibility to engage in business as a motor club in this State, or(3) That the applicant has failed to make a reasonable showing that its managers, officers, directors and agents are persons of reliability and integrity. If any such finding is made, the Commissioner shall notify the applicant as soon as practicable of the reason for his refusal to issue the license, and inform the applicant of its right to a hearing on the matters as provided in G.S. 58-69-25. All licenses issued hereunder, and all renewals thereof, shall expire on June 30 following such issuance or renewal. Renewal of all licenses not previously revoked or suspended shall be automatic upon timely payment by the licensee of the annual fee.N.C. Gen. Stat. § 58-69-15