UTAH CODE (Last Updated: January 16, 2015) |
Title 31A. Insurance Code |
Chapter 25. Third Party Administrators |
Part 2. Licensing of Third Party Administrators |
§ 31A-25-210. License lapse and voluntary surrender.
Latest version.
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(1) (a) A license issued under this chapter shall lapse if the licensee fails to: (i) pay when due a fee under Section 31A-3-103; (ii) submit a completed renewal application as required by Section 31A-25-202; (iii) produce, when due, evidence of compliance with the financial responsibility requirement under Section 31A-25-205; or (iv) maintain an active license in a resident state if the licensee is a nonresident licensee. (b) (i) A licensee whose license lapses due to the following may request an action described in Subsection (1)(b)(ii): (A) military service; (B) voluntary service for a period of time designated by the person for whom the licensee provides voluntary service; or (C) some other extenuating circumstances, such as long-term medical disability. (ii) A licensee described in Subsection (1)(b)(i) may request: (A) reinstatement of the license no later than one year from the day on which the license lapses; and (B) waiver of any of the following imposed for failure to comply with renewal procedures: (I) an examination requirement; (II) reinstatement fees set under Section 31A-3-103; or (III) other sanction imposed for failure to comply with renewal procedures.
Amended by Chapter 349, 2009 General Session