Utah § 31A-23a-206 Special requirements for variable contracts line of authority.

Utah Statutes

§ 31A-23a-206 — Special requirements for variable contracts line of authority.

Utah § 31A-23a-206

Title 31AInsurance Code

Ch. 31A-23aInsurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries

Part 31A-23a-2Producers and Consultants

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Bluebook

Utah Code Ann. § 31A-23a-206 (2026).

Text

(1)Before applying for a variable contracts line of authority:

(1)(a) a producer shall be licensed under Section 61-1-3 as a:

(1)(a)(i) broker-dealer; or

(1)(a)(ii) broker-dealer agent; and

(1)(b) a consultant shall be licensed under Section 61-1-3 as an:

(1)(b)(i) investment adviser; or

(1)(b)(ii) investment adviser representative.

(2)A producer's or consultant's variable contracts line of authority is canceled on the day the producer's or consultant's securities related license under Section 61-1-3 is no longer active.

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(1) Before applying for a variable contracts line of authority:

(1)(a) a producer shall be licensed under Section 61-1-3 as a:
(1)(a)(i) broker-dealer; or
(1)(a)(ii) broker-dealer agent; and
(1)(b) a consultant shall be licensed under Section 61-1-3 as an:
(1)(b)(i) investment adviser; or
(1)(b)(ii) investment adviser representative.
(2) A producer's or consultant's variable contracts line of authority is canceled on the day the producer's or consultant's securities related license under Section 61-1-3 is no longer active.