Utah Code 31A-26-205. Character requirements
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Each applicant for a license under this chapter shall show to the commissioner that:
(1) the applicant has the good faith intent to engage in the type of business the license or licenses applied for would permit;
Terms Used In Utah Code 31A-26-205
- License: includes a certificate of authority issued to an insurer. See Utah Code 31A-1-301
- Organization: includes a sole proprietorship by which a natural person does business under an assumed name. See Utah Code 31A-26-102
- Person: includes :(146)(a) an individual;(146)(b) a partnership;(146)(c) a corporation;(146)(d) an incorporated or unincorporated association;(146)(e) a joint stock company;(146)(f) a trust;(146)(g) a limited liability company;(146)(h) a reciprocal;(146)(i) a syndicate; or(146)(j) another similar entity or combination of entities acting in concert. See Utah Code 31A-1-301(2)(2)(a) if a natural person, the applicant is:(2)(a)(i) competent; and(2)(a)(ii) trustworthy; or(2)(b) if an organization, all the partners, directors, principal officers, or persons in fact having comparable powers are trustworthy, and that the applicant will transact business in such a way that all acts that may only be performed by a licensed adjuster are performed exclusively by natural persons who are licensed under this chapter to transact that business and listed on the organization’s license under Section 31A-26-209; and(3) if a natural person, the applicant is at least 18 years of age.