2006 Utah Code - 58-9-706 — Annual reports concerning trust funds.

     58-9-706.   Annual reports concerning trust funds.
     (1) Each provider shall file an annual report with the division on or before April 15 of each year in a form provided by the division. The report shall state:
     (a) the name of the trustees with which the provider has trust funds on deposit; and
     (b) the amount remaining on deposit in the trust fund on:
     (i) December 31 of the preceding year; or
     (ii) another annual reporting period as the division may establish.
     (2) (a) A provider is not required to renew its license if the provider:
     (i) has outstanding contracts; and
     (ii) has discontinued the sale of contracts.
     (b) A provider that does not renew its license pursuant to this Subsection (2) shall continue to make annual reports to the division until all outstanding contracts have been:
     (i) fully performed; or
     (ii) transferred to a licensed provider.

Enacted by Chapter 49, 2003 General Session