31A-23a-107 - Character requirements. - Utah Statutes

31A-23a-107. Character requirements.
Each applicant for a license under this chapter shall show to the commissioner that:
(1) the applicant has the intent in good faith, to engage in the type of business that thelicense applied for would permit;
(2) if a natural person, the applicant is competent and trustworthy; or, if the applicant isan agency, all the partners, directors, or principal officers or persons having comparable powersare trustworthy, and that it will transact business in such a way that all acts that may only beperformed by a licensed producer, limited line producer, customer service representative,consultant, managing general agent, or reinsurance intermediary are performed exclusively bynatural persons who are licensed under this chapter to transact that type of business anddesignated on the agency's license;
(3) the applicant intends to comply with Section 31A-23a-502; and
(4) if a natural person, the applicant is at least 18 years of age.

Renumbered and Amended by Chapter 298, 2003 General Session