There Is a Newer Version of the Utah Code
2011 Utah Code
Title 31A Insurance Code
Chapter 25 Third Party Administrators
Section 210 License lapse and voluntary surrender.
31A-25-210. License lapse and voluntary surrender.(1) (a) A license issued under this chapter shall lapse if the licensee fails to:
(i) pay when due a fee under Section 31A-3-103;
(ii) submit a completed renewal application as required by Section 31A-25-202;
(iii) produce, when due, evidence of compliance with the financial responsibility requirement under Section 31A-25-205; or
(iv) maintain an active license in a resident state if the licensee is a nonresident licensee.
(b) (i) A licensee whose license lapses due to the following may request an action described in Subsection (1)(b)(ii):
(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, such as long-term medical disability.
(ii) A licensee described in Subsection (1)(b)(i) may request:
(A) reinstatement of the license no later than one year from 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; or
(III) other sanction imposed for failure to comply with renewal procedures.
(2) If a license issued under this chapter is voluntarily surrendered, the license may be reinstated:
(a) during the license period in which the license is voluntarily surrendered; and
(b) no later than one year after the day on which the license is voluntarily surrendered.
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