Section 40-22-118 - Authorized Delegate Contracts

40-22-118. Authorized delegate contracts. (a) A licensee shall designate an authorized delegate by express written contract including the following: (i) That the licensee appoints the person as its delegate with authority to engage in money transmission on behalf of the licensee; (ii) That an authorized delegate may not authorize subdelegates without the written consent of the commissioner; and (iii) That authorized delegates are subject to supervision and regulation by the commissioner.