R590-244-2

R590-244-2. Purpose and Scope

Last amended: 2024Length: 150 wordsOfficial source

Cite as Utah Admin. Code R590-244-2

(1) The purpose of this rule is to provide standards for: (a) an individual or agency licensee for: (i) obtaining, renewing, or reinstating a license; (ii) maintaining any legal liability coverage or surety bond requirements; and (iii) making other miscellaneous license amendments; (b) an insurer for the initial appointment or the termination of an appointment of an individual or agency licensee; and (c) an agency for the initial designation or the termination of a designation of an individual licensee to the agency's license. (2) This rule applies to: (a) an individual or agency licensed under: (i) Title 31A, Chapter 23a, Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries; (ii) Title 31A, Chapter 23b, Navigator License Act; (iii) Title 31A, Chapter 25, Third Party Administrators; (iv) Title 31A, Chapter 26, Insurance Adjusters; and (v) Title 31A, Chapter 35, Bail Bond Act; and (b) an admitted insurer doing business in Utah.
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