§ 31A-25-210 — License lapse and voluntary surrender.

Utah § 31A-25-210

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

Text

(1) (1)(a) A license issued under this chapter shall lapse if the licensee fails to:
(1)(a)(i) pay when due a fee under Section 31A-3-103;
(1)(a)(ii) submit a completed renewal application as required by Section 31A-25-202;
(1)(a)(iii) produce, when due, evidence of compliance with the financial responsibility requirement under Section 31A-25-205; or
(1)(a)(iv) maintain an active license in a resident state if the licensee is a nonresident licensee.
(1)(b) (1)(b)(i) A licensee whose license lapses due to the following may request an action described in Subsection (1)(b)(ii):

(1)(b)(i)(A) military service;
(1)(b)(i)(B) voluntary service for a period of time designated by the person for whom the licensee provides voluntary service; or
(1)(b)(i)(C) some other extenuating circumstances, such as long-term medical disability.
(1)(b)(ii) A licensee described in Subsection (1)(b)(i) may request:

(1)(b)(ii)(A) reinstatement of the license no later than one year from the day on which the license lapses; and
(1)(b)(ii)(B) waiver of any of the following imposed for failure to comply with renewal procedures:
(1)(b)(ii)(B)(I) an examination requirement;
(1)(b)(ii)(B)(II) reinstatement fees set under Section 31A-3-103; or
(1)(b)(ii)(B)(III) other sanction imposed for failure to comply with renewal procedures.
(2) If a license issued under this chapter is voluntarily surrendered, the license may be reinstated:

(2)(a) during the license period in which the license is voluntarily surrendered; and
(2)(b) no later than one year after the day on which the license is voluntarily surrendered.

Legislative History

Amended by Chapter 349, 2009 General Session