31A-26-205. Character requirements.
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/ut/title-31a/chapter-26/31a-26-205·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/8/2018
31A-26-205. Character requirements.
Each applicant for a license under this chapter shall show to the commissioner that:
(1)the applicant has the good faith intent to engage in the type of business the license or licenses applied for would permit;
(a)if a natural person, the applicant is:
(i)competent; and
(ii)trustworthy; or
(b)if an organization, all the partners, directors, principal officers, or persons in fact having comparable powers are trustworthy, and that the applicant will transact business in such a way that all acts that may only be performed by a licensed adjuster are performed exclusively by natural persons who are licensed under this chapter to transact that business and listed on the organization's license under Section 31A-26-209 ; and
(3)if a natural person, the applicant is at least 18 years of age.
Amended by Chapter 319 , 2018 General Session