All applications, all proofs which the Commissioner may require, and all requests for personal information shall be under oath or the applications and proofs shall contain and be verified by written declarations that they are made subject to the penalties prescribed in section 202 of this title. Each question and answer and each statement made in any application, or in any proof required, shall be deemed material. When an applicant is a corporation or partnership, the individual signing the application shall be considered the person making oath thereto or the person subject to the penalties of section 202. (Amended 1969, No. 259 (Adj. Sess.), § 5; 1969, No. 297 (Adj. Sess.), § 7, eff. Sept. 1, 1971; 1991, No. 164 (Adj. Sess.), § 1; 1997, No. 55, § 5, eff. June 26, 1997; 2001, No. 69, § 1; 2007, No. 19, § 3.)