Utah Code 31A-25-204. Character requirements

31A-25-204. Character requirements.
Each applicant for a license under this chapter shall show to the commissioner all of the following:

(1)	that the applicant has the good faith intent to engage in the type of business the license applied for would permit;

License: includes a certificate of authority issued to an insurer. See Utah Code 31A-1-301
Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
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

(2)

(a)

if a natural person, that the applicant is:

(i)	competent; and

(ii)	trustworthy; or

(b)	if a partnership or corporation, that all the partners, directors, principal officers, or persons having comparable powers are trustworthy; and

(3)	if a natural person, that the applicant is at least 18 years of age.

Amended by Chapter 319, 2018 General Session