Utah § 31A-25-204 Character requirements.

Utah Statutes

§ 31A-25-204 — Character requirements.

Utah·Title 31A Insurance Code·Ch. 31A-25 Third Party Administrators·Part 31A-25-2 Licensing of Third Party Administrators

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.

Utah § 31A-25-204 (Character requirements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.