| (1) |
Every application for an agency license to engage in the private investigative business shall provide to the bureau:
Terms Used In Utah Code 53-9-109- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
| (a) |
the full name and business address of the applicant; |
| (b) |
one passport-size color photograph of the applicant; |
| (c) |
the name under which the applicant intends to do business; |
| (d) |
a statement that the applicant intends to engage in the private investigative business; |
| (e) |
a verified statement of the applicant’s experience and qualifications as provided in Section 53-9-108; and |
| (f) |
the fee prescribed in Section 53-9-111. |
|
| (2) |
Before the issuance or renewal of an agency license, the applicant shall provide to the bureau:
| (a) |
a certificate of liability insurance; and |
| (b) |
a certificate of workers’ compensation insurance, if applicable. |
|
| (3) |
The liability insurance required by this section shall:
| (a) |
protect against liability to third persons; |
| (b) |
contain a limit of liability in an amount of not less than $500,000; |
| (c) |
be continuous in form and run concurrently with the license period; and |
| (d) |
provide for notice to the bureau in the event of cancellation of the liability insurance. |
|
| (4) |
| (a) |
The bureau shall cancel a license when it receives notice from the insurer that liability insurance required under Subsection (2) has expired or been canceled. |
| (b) |
The licensee shall be notified by the bureau when a license has been cancelled under this Subsection (4). |
| (c) |
The license may be reinstated when the licensee:
| (i) |
files proof of liability insurance for the remainder of the license period; and |
| (ii) |
pays the reinstatement fee prescribed in Section 53-9-111. |
|
|
Amended by Chapter 432, 2011 General Session
