Utah § 31A-25-204 Character requirements.

Utah Statutes

§ 31A-25-204 — Character requirements.

Utah § 31A-25-204

Title 31AInsurance Code

Ch. 31A-25Third Party Administrators

Part 31A-25-2Licensing of Third Party Administrators

This text of Utah § 31A-25-204 (Character requirements.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 31A-25-204 (2026).

Text

Each applicant for a license under this chapter shall show to the commissioner all of the following:

(1)that the applicant has the good faith intent to engage in the type of business the license applied for would permit;

(2)(2)(a) if a natural person, that the applicant is:

(2)(a)(i) competent; and

(2)(a)(ii) trustworthy; or

(2)(b) if a partnership or corporation, that all the partners, directors, principal officers, or persons having comparable powers are trustworthy; and

(3)if a natural person, that the applicant is at least 18 years of age.

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Each applicant for a license under this chapter shall show to the commissioner all of the following:
(1) that the applicant has the good faith intent to engage in the type of business the license applied for would permit;
(2) (2)(a) if a natural person, that the applicant is:
(2)(a)(i) competent; and
(2)(a)(ii) trustworthy; or
(2)(b) if a partnership or corporation, that all the partners, directors, principal officers, or persons having comparable powers are trustworthy; and
(3) if a natural person, that the applicant is at least 18 years of age.