Utah Code 31A-23b-204. Character requirements
Current as of: 2024 | Check for updates
|
Other versions
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;
Terms Used In Utah Code 31A-23b-204
- Agency: means :(6)(a) a person other than an individual, including a sole proprietorship by which an individual does business under an assumed name; and(6)(b) an insurance organization licensed or required to be licensed under Section
31A-23a-301 ,31A-25-207 , or31A-26-209 . See Utah Code 31A-1-301- Insurance: includes :
(96)(b)(i) a risk distributing arrangement providing for compensation or replacement for damages or loss through the provision of a service or a benefit in kind;(96)(b)(ii) a contract of guaranty or suretyship entered into by the guarantor or surety as a business and not as merely incidental to a business transaction; and(96)(b)(iii) a plan in which the risk does not rest upon the person who makes an arrangement, but with a class of persons who have agreed to share the risk. See Utah Code 31A-1-301- License: includes a certificate of authority issued to an insurer. See Utah Code 31A-1-301
- Person: includes :
(146)(a) an individual;(146)(b) a partnership;(146)(c) a corporation;(146)(d) an incorporated or unincorporated association;(146)(e) a joint stock company;(146)(f) a trust;(146)(g) a limited liability company;(146)(h) a reciprocal;(146)(i) a syndicate; or(146)(j) another similar entity or combination of entities acting in concert. See Utah Code 31A-1-301- PPACA: means the Patient Protection and Affordable Care Act, Pub. See Utah Code 31A-1-301
- Reinsurance: means an insurance transaction where an insurer, for consideration, transfers any portion of the risk it has assumed to another insurer. See Utah Code 31A-1-301
(2)(2)(a) if a natural person, the applicant is:(2)(a)(i) competent; and(2)(a)(ii) trustworthy; or(2)(b) if the applicant is an agency:(2)(b)(i) the partners, directors, or principal officers or persons having comparable powers are trustworthy; and(2)(b)(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. - Insurance: includes :