License lapse and voluntary surrender.

1. Law
2. Utah Code
3. Insurance Code
4. Third Party Administrators
5. Licensing of Third Party Administrators
6. License lapse and voluntary surrender.

• (1)
  • (a) A license issued under this chapter shall lapse if the licensee fails to:
    • (i) pay when due a fee under Section 31A-3-103;
    • (ii) submit a completed renewal application as required by Section 31A-25-202;
    • (iii) produce, when due, evidence of compliance with the financial responsibility requirement under Section 31A-25-205; or
    • (iv) maintain an active license in a resident state if the licensee is a nonresident licensee.
  • (b)
    • (i) A licensee whose license lapses due to the following may request an action described in Subsection (1)(b)(ii):
      • (A) military service;
      • (B) voluntary service for a period of time designated by the person for whom the licensee provides voluntary service; or
      • (C) some other extenuating circumstances, such as long-term medical disability.
    • (ii) A licensee described in Subsection (1)(b)(i) may request:
      • (A) reinstatement of the license no later than one year from the day on which the license lapses; and
      • (B) waiver of any of the following imposed for failure to comply with renewal procedures:
        • (I) an examination requirement;
        • (II) reinstatement fees set under Section 31A-3-103; or
        • (III) other sanction imposed for failure to comply with renewal procedures.

• (2) If a license issued under this chapter is voluntarily surrendered, the license may be reinstated:
  • (a) during the license period in which the license is voluntarily surrendered; and
  • (b) no later than one year after the day on which the license is voluntarily surrendered.

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