Utah Statutes
§ 31A-23a-117 — Special requirements for life settlement providers and producers.
Utah·Title 31A Insurance Code·Ch. 31A-23a Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries·Part 31A-23a-1 General Provisions
(1)A life settlement provider or life settlement producer shall be licensed in accordance with this title, with the additional requirements listed in this section.
(2)A life settlement provider shall provide to the commissioner:
(2)(a) a detailed plan of operation with the life settlement provider's:
(2)(a)(i) initial license application; and
(2)(a)(ii) renewal application;
(2)(b) a copy of the life settlement provider's most current audited financial statement;
(2)(c) an antifraud plan that meets the requirements of Section 31A-36-117; and
(2)(d) a bond or other form of assurance of financial responsibility as provided under rules made in accordance with Section 31A-36-119.
(3)A life settlement provider shall provide with the life settlement provider's initial license application info
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Legislative History
Amended by Chapter 355, 2009 General Session
Nearby Sections
15
§ 31A-1-101
Short title.§ 31A-1-102
Purposes.§ 31A-1-103
Scope and applicability of title.§ 31A-1-104
Authorization to do insurance business.§ 31A-1-105
Presumption of jurisdiction.§ 31A-1-106
Residual unlicensed domestic insurers.§ 31A-1-107
Licensees under former Title 31.§ 31A-1-108
Corporations in the process of organizing.§ 31A-1-109
Name of licensee.§ 31A-1-110
Scope of a license.§ 31A-1-201
Construction.§ 31A-1-202
Effect of repeal of former provisions.§ 31A-1-203
Interpretive rules.§ 31A-1-205
Severability.§ 31A-1-301
Definitions.