UTAH CODE (Last Updated: January 16, 2015) |
Title 31A. Insurance Code |
Chapter 23a. Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries |
Part 1. General Provisions |
§ 31A-23a-113. License lapse and voluntary surrender. (Effective 5/13/2014)
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) complete continuing education requirements under Section 31A-23a-202 before submitting the license renewal application; (iii) submit a completed renewal application as required by Section 31A-23a-104; (iv) submit additional documentation required to complete the licensing process as related to a specific license type or line of authority; or (v) maintain an active license in a licensee's home 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 after 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; (III) continuing education requirements; or (IV) other sanction imposed for failure to comply with renewal procedures.