Registration process -- Annual fee.

  1. Law
  2. Utah Code
  3. Insurance Code
  4. Guaranteed Asset Protection Waiver Act
  5. Waiver Provider Licensing and Registration
  6. Registration process -- Annual fee.

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  • (1) If a person is required to register under Section 31A-6b-201, to register the person shall submit to the commissioner:
    • (a) an application for registration;
    • (b) a copy of any guaranteed asset protection waiver that the person will issue, market, sell, offer to sell, or otherwise provide in this state; and
    • (c) a registration fee established by the commissioner in accordance with Section 31A-3-103, except that the registration fee may not exceed $1,000.
  • (2)
    • (a) On and after July 1, 2011, a person registered under this title shall pay to the commissioner an annual fee:
      • (i) by no later than July 1 of each year after the day on which the person registers; and
      • (ii) established by the commissioner in accordance with Section 31A-3-103, except that the annual fee may not exceed $1,000.
    • (b) If a person fails to pay the annual fee required under this Subsection (2) by October 1, the person's registration expires.
  • (3) The commissioner shall deposit a fee collected under this section into the restricted account.




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