31A-23a-106 - License types. - Utah Statutes

31A-23a-106. License types.
(1) (a) A resident or nonresident license issued under this chapter shall be issued underthe license types described under Subsection (2).
(b) A license type and a line of authority pertaining to a license type describe the type oflicensee and the lines of business that a licensee may sell, solicit, or negotiate. A license type isintended to describe the matters to be considered under any education, examination, and trainingrequired of a license applicant under Sections 31A-23a-108, 31A-23a-202, and 31A-23a-203.
(2) (a) A producer license type includes the following lines of authority:
(i) life insurance, including a nonvariable contract;
(ii) variable contracts, including variable life and annuity, if the producer has the lifeinsurance line of authority;
(iii) accident and health insurance, including a contract issued to a policyholder underChapter 7, Nonprofit Health Service Insurance Corporations, or Chapter 8, Health MaintenanceOrganizations and Limited Health Plans;
(iv) property insurance;
(v) casualty insurance, including a surety or other bond;
(vi) title insurance under one or more of the following categories:
(A) search, including authority to act as a title marketing representative;
(B) escrow, including authority to act as a title marketing representative; and
(C) title marketing representative only;
(vii) personal lines insurance; and
(viii) surplus lines, if the producer has the property or casualty or both lines of authority.
(b) A limited line producer license type includes the following limited lines of authority:
(i) limited line credit insurance;
(ii) travel insurance;
(iii) motor club insurance;
(iv) car rental related insurance;
(v) legal expense insurance;
(vi) crop insurance;
(vii) self-service storage insurance; and
(viii) bail bond producer.
(c) A customer service representative license type includes the following lines ofauthority, if held by the customer service representative's employer producer:
(i) life insurance, including a nonvariable contract;
(ii) accident and health insurance, including a contract issued to a policyholder underChapter 7, Nonprofit Health Service Insurance Corporations, or Chapter 8, Health MaintenanceOrganizations and Limited Health Plans;
(iii) property insurance;
(iv) casualty insurance, including a surety or other bond;
(v) personal lines insurance; and
(vi) surplus lines, if the employer producer has the property or casualty or both lines ofauthority.
(d) A consultant license type includes the following lines of authority:
(i) life insurance, including a nonvariable contract;
(ii) variable contracts, including variable life and annuity, if the consultant has the life

insurance line of authority;
(iii) accident and health insurance, including a contract issued to a policyholder underChapter 7, Nonprofit Health Service Insurance Corporations, or Chapter 8, Health MaintenanceOrganizations and Limited Health Plans;
(iv) property insurance;
(v) casualty insurance, including a surety or other bond; and
(vi) personal lines insurance.
(e) A managing general agent license type includes the following lines of authority:
(i) life insurance, including a nonvariable contract;
(ii) variable contracts, including variable life and annuity, if the managing general agenthas the life insurance line of authority;
(iii) accident and health insurance, including a contract issued to a policyholder underChapter 7, Nonprofit Health Service Insurance Corporations, or Chapter 8, Health MaintenanceOrganizations and Limited Health Plans;
(iv) property insurance;
(v) casualty insurance, including a surety or other bond; and
(vi) personal lines insurance.
(f) A reinsurance intermediary license type includes the following lines of authority:
(i) life insurance, including a nonvariable contract;
(ii) variable contracts, including variable life and annuity, if the reinsurance intermediaryhas the life insurance line of authority;
(iii) accident and health insurance, including a contract issued to a policyholder underChapter 7, Nonprofit Health Service Insurance Corporations, or Chapter 8, Health MaintenanceOrganizations and Limited Health Plans;
(iv) property insurance;
(v) casualty insurance, including a surety or other bond; and
(vi) personal lines insurance.
(g) A holder of licenses under Subsections (2)(a), (d), (e), and (f) has all qualificationsnecessary to act as a holder of a license under Subsections (2)(b) and (c).
(3) (a) The commissioner may by rule recognize other producer, limited line producer,customer service representative, consultant, managing general agent, or reinsurance intermediarylines of authority as to kinds of insurance not listed under Subsections (2)(a) through (f).
(b) Notwithstanding Subsection (3)(a), for purposes of title insurance the Title andEscrow Commission may by rule, with the concurrence of the commissioner and subject toSection 31A-2-404, recognize other categories for a title insurance producer line of authority notlisted under Subsection (2)(a)(vi).
(4) The variable contracts, including variable life and annuity line of authority requires:
(a) licensure as a registered agent or broker by the National Association of SecuritiesDealers; and
(b) current registration with a securities broker-dealer.
(5) A surplus lines producer is a producer who has a surplus lines line of authority.

Amended by Chapter 349, 2009 General Session