Utah Admin. Code R590-244-5 - Requirement of an Active License to Sell, Solicit, or Negotiate Insurance
(1) To sell,
solicit, or negotiate insurance, a person shall have an active license matching
the type and line of insurance being sold, solicited, or negotiated.
(2) If the person is an agency, the person
shall have an appointment from an insurer in addition to an active license
described in Subsection (1).
(3)
(a) If the person is an individual, the
person shall have an appointment from an insurer or a designation from an
agency in addition to an active license described in Subsection (1).
(b) An individual licensed as a resident
producer shall maintain legal liability errors and omissions insurance coverage
not less than $250,000 per claim and $500,000 annual aggregate
limit.
(4) A licensee
whose license is inactive may not sell, solicit, or negotiate insurance from
the date the active license is inactivated until the date the inactive license
is reactivated.
Notes
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