31A-23b-204. Character requirements.
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Effective 5/8/2018
31A-23b-204. Character requirements.
An applicant for a license under this chapter shall demonstrate to the commissioner that:
(1)the applicant has the intent, in good faith, to engage in the practice of a navigator as the license would permit;
(a)if a natural person, the applicant is:
(i)competent; and
(ii)trustworthy; or
(b)if the applicant is an agency:
(i)the partners, directors, or principal officers or persons having comparable powers are trustworthy; and
(ii)that it will transact business in a way that the acts that may only be performed by a licensed navigator are performed only by a natural person who is licensed under this chapter, or Chapter 23a, Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries ;
(3)the applicant intends to comply with the surety bond requirements of Section 31A-23b-207 ;
(4)if a natural person, the applicant is at least 18 years of age; and
(5)the applicant does not have a conflict of interest as defined by regulations issued under PPACA.
Amended by Chapter 319 , 2018 General Session