Utah Statutes
§ 31A-23a-206 — Special requirements for variable contracts line of authority.
Utah·Title 31A Insurance Code·Ch. 31A-23a Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries·Part 31A-23a-2 Producers and Consultants
(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of authority is canceled on the day the producer's or consultant's securities related license under Section 61-1-3 is no longer active.
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Utah § 31A-23a-206 (Special requirements for variable contracts line of authority.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 138, 2016 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.