Motor-dealer
licenses are required by individuals or firms whose business
involves the buying and selling of motor-vehicles, motor-cycles,
or trailers. In the 1960s and 1970s a pre-requisite for the
issuance of a motor-dealer's license or the retention of such
a license was that an insurance bond be supplied to the Superintendent
of Insurance in the amount of $5,000 or a security be filed
with the Minister of Finance in a similar amount. |
A
process of investigation would then be carried out for each
new motor-dealer. Information in connection with the proposed
operation, previous business, corporate formation, business
intentions, premises, and compliance with municipal zoning
regulations would be considered before a license would be
authorized. |