a state or territory of the United States or the District of Columbia in which an insurance producer, limited lines producer, consultant, managing general agent, or reinsurance intermediary licensee:
(i)
maintains the licensee's principal:
(A)
place of residence; or
(B)
place of business; and
(ii)
is licensed to act as a resident licensee; or
(b)
if the resident state, territory, or the District of Columbia described in Subsection (3)(a) does not license for the line of authority sought, a state, territory, or the District of Columbia:
(i)
in which the licensee is licensed;
(ii)
in which the licensee is in good standing; and
(iii)
that the licensee has designated as the licensee's designated home state. See Utah Code 31A-23a-102
License: includes a certificate of authority issued to an insurer. See Utah Code 31A-1-301
Person: includes :
(a)
an individual;
(b)
a partnership;
(c)
a corporation;
(d)
an incorporated or unincorporated association;
(e)
a joint stock company;
(f)
a trust;
(g)
a limited liability company;
(h)
a reciprocal;
(i)
a syndicate; or
(j)
another similar entity or combination of entities acting in concert. See Utah Code 31A-1-301
Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
(a)
A license issued under this chapter, including a line of authority, shall lapse if the licensee fails to:
complete continuing education requirements under Section 31A-23a-202 before submitting the license renewal application;
(iii)
submit a completed renewal application as required by Section 31A-23a-104;
(iv)
submit additional documentation required to complete the licensing process as related to a specific license type or line of authority; or
(v)
maintain an active license in a licensee’s home state if the licensee is a nonresident licensee.
(b)
A license that lapses shall expire effective at midnight on the day on which the license expires.
(c)
(i)
A licensee whose license lapses may request reinstatement of the license and line of authority no more than one year after the day on which the license lapses.
(ii)
A licensee whose license lapses due to the following may request an action described in Subsection (1)(c)(iii):
(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, including long-term medical disability.
(iii)
A licensee described in Subsection (1)(c)(ii) may request:
(A)
reinstatement of the license and line of authority no later than one year after the day on which the license lapses; and
(B)
waiver of any of the following imposed for failure to comply with renewal procedures:
