31A-23a-103. Requirement of license.
165 words·~1 min read·
/ut/title-31a/chapter-23a/31a-23a-103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
31A-23a-103. Requirement of license.
(a)Unless exempted from the licensing requirement under Section 31A-23a-201 or 31A-23a-207 , a person may not perform, offer to perform, or advertise any service as a producer, surplus lines producer, limited line producer, consultant, managing general agent, or reinsurance intermediary in Utah, without a valid individual or agency license issued under this chapter.
(b)A valid license includes at least one license type and one line of authority pertaining to that license type.
(c)A person may not utilize the services of another as a producer, surplus lines producer, limited line producer, consultant, managing general agent, or reinsurance intermediary if that person knows or should know that the other does not have a license as required by law.
(2)This part may not be construed to require an insurer to obtain an insurance producer license.
(3)An insurance contract is not invalid as a result of a violation of this section.
Amended by Chapter 253 , 2012 General Session