Utah § 31A-6b-202 Registration process -- Annual fee.

Utah Statutes

§ 31A-6b-202 — Registration process -- Annual fee.

Utah·Title 31A Insurance Code·Ch. 31A-6b Guaranteed Asset Protection Waiver Act·Part 31A-6b-2 Waiver Provider Licensing and Registration

(1)If a person is required to register under Section 31A-6b-201, to register the person shall submit to the commissioner:

(1)(a) an application for registration;

(1)(b) a copy of any guaranteed asset protection waiver that the person will issue, market, sell, offer to sell, or otherwise provide in this state; and

(1)(c) a registration fee established by the commissioner in accordance with Section 31A-3-103, except that the registration fee may not exceed $1,000.

(2)(2)(a) On and after July 1, 2011, a person registered under this title shall pay to the commissioner an annual fee:

(2)(a)(i) by no later than July 1 of each year after the day on which the person registers; and

(2)(a)(ii) established by the commissioner in accordance with Section 31A-3-103, except that the annual fee may not

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(1) If a person is required to register under Section 31A-6b-201, to register the person shall submit to the commissioner:

(1)(a) an application for registration;
(1)(b) a copy of any guaranteed asset protection waiver that the person will issue, market, sell, offer to sell, or otherwise provide in this state; and
(1)(c) a registration fee established by the commissioner in accordance with Section 31A-3-103, except that the registration fee may not exceed $1,000.
(2) (2)(a) On and after July 1, 2011, a person registered under this title shall pay to the commissioner an annual fee:
(2)(a)(i) by no later than July 1 of each year after the day on which the person registers; and
(2)(a)(ii) established by the commissioner in accordance with Section 31A-3-103, except that the annual fee may not exceed $1,000.
(2)(b) If a person fails to pay the annual fee required under this Subsection (2) by October 1, the person's registration expires.
(3) The commissioner shall deposit a fee collected under this section into the restricted account.

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