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Code · Utah · Title 31A — Insurance Code · Chapter 23A

31A-23a-113. License lapse and voluntary surrender.

347 words·~2 min read·/ut/title-31a/chapter-23a/31a-23a-113

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Effective 5/5/2021
31A-23a-113. License lapse and voluntary surrender.
(a)A license issued under this chapter, including a line of authority, shall lapse if the licensee fails to:
(i)pay when due a fee under Section 31A-3-103 ;
(ii)complete continuing education requirements under Section 31A-23a-202 before submitting the license renewal application;
(iii)submit a completed renewal application as required by Section 31A-23a-104 ;
(iv)submit additional documentation required to complete the licensing process as related to a specific license type or line of authority; or
(v)maintain an active license in a licensee's home state if the licensee is a nonresident licensee.
(b)A license that lapses shall expire effective at midnight on the day on which the license expires.
(i)A licensee whose license lapses may request reinstatement of the license and line of authority no more than one year after the day on which the license lapses.
(ii)A licensee whose license lapses due to the following may request an action described in Subsection
(1)(c)(iii):
(A)military service;
(B)voluntary service for a period of time designated by the person for whom the licensee provides voluntary service; or
(C)some other extenuating circumstances, including long-term medical disability.
(iii)A licensee described in Subsection
(1)(c)(ii) may request:
(A)reinstatement of the license and line of authority no later than one year after the day on which the license lapses; and
(B)waiver of any of the following imposed for failure to comply with renewal procedures:
(I)an examination requirement;
(II)reinstatement fees set under Section 31A-3-103 ;
(III)continuing education requirements; or
(IV)other sanction imposed for failure to comply with renewal procedures.
(2)If a license or line of authority issued under this chapter is voluntarily surrendered, the license or line of authority may be reinstated:
(a)during the license period in which the license or line of authority is voluntarily surrendered; and
(b)no later than one year after the day on which the license or line of authority is voluntarily surrendered.
Amended by Chapter 252 , 2021 General Session
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