| (1) |
Every application for a registrant or apprentice license shall provide to the bureau:
Terms Used In Utah Code 53-9-110- Contract: A legal written agreement that becomes binding when signed.
- 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 address of the applicant; |
| (b) |
one passport-size color photograph of the applicant; |
| (c) |
the name of the licensed agency for which the applicant will be an employee, apprentice, or contract registrant, if applicable; |
| (d) |
authorization of the licensed agency or its designee to employ the apprentice or contract with the registrant, if applicable; |
| (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) |
An application for a registrant or apprentice license or renewal shall be accompanied by a surety bond in the amount of $10,000. |
| (3) |
The surety bond required by this section shall:
| (a) |
be in effect throughout the entire licensing period; and |
| (b) |
provide that the issuer of the surety bond will notify the bureau if the bond is cancelled or expired. |
|
| (4) |
| (a) |
The bureau shall cancel a license when it receives notice from the insurer that the bond required in Subsection (2) has expired or been cancelled. |
| (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 a bond for the remainder of the license period; and |
| (ii) |
pays the reinstatement fee prescribed in Section 53-9-111. |
|
|
Amended by Chapter 170, 2015 General Session
