Utah Admin. Code R590-244-11 - Appointment and Termination of Appointment by an Insurer
(1) Appointment.
(a) An insurer shall appoint an individual or
agency licensee with whom the insurer has a producer contract.
(b) An appointment is continuous until
terminated by the insurer or canceled by the department.
(c) An insurer is not required to appoint an
individual who is designated by an appointed agency.
(d) To appoint, an insurer shall:
(i) state the date on which the appointment
is effective; and
(ii) submit the
appointment to the commissioner using Sircon or NIPR no later than 15 days
after:
(A) the date on which the producer
contract is executed; or
(B) the
date on which the insurer receives the first insurance application from the
licensee.
(2) Terminating an Appointment.
(a) An insurer shall terminate an appointment
when a previously appointed individual or agency is no longer authorized to
conduct business for the insurer in Utah.
(b) To terminate an appointment, an insurer
shall:
(i) state the date on which the
termination is effective; and
(ii)
submit the termination to the commissioner using Sircon or NIPR no later than
30 days after the effective date of termination.
(c) Within 15 days after submitting a
termination, an insurer shall notify the licensee of the termination and the
reason for it by mail or email at the licensee's last known address or email
address.
(3) Reporting
Termination for Cause.
(a) An insurer that
terminates an appointment for cause shall report to the commissioner the cause
of termination if required by Subsection
31A-23a-115(3)(a).
(b) The report and attachments shall be
submitted to licensing.uid@utah.gov within 15 days after submitting the notice
of termination required by Subsection (2)(c).
(c) The report shall:
(i) quote the specific reason or reasons from
Subsection
31A-23a-111(5)(b);
(ii) state the specific facts and reasoning
on which the decision to terminate was based;
(iii) list and include any document,
photograph, video or audio recording, or other material that supports the
insurer's decision to terminate;
(iv) include a copy of each written finding
or conclusion by a court, government body, agency, or self-regulatory
organization that supports the termination; and
(v) include a copy of the notice required by
Subsection (2)(c).
Notes
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