Title 31A Chapter 26 Section 214.5

Insurance Code
Insurance Adjusters
Section 214.5
License lapse and voluntary surrender.

            

31A-26-214.5.   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) complete continuing education requirements under Section 31A-26-206 before submitting the license renewal application;

            (iii) submit a completed renewal application as required by Section 31A-26-202;

            (iv) submit additional documentation required to complete the licensing process as related to a specific license type or license classification; or

            (v) 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 after 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;

            (III) continuing education requirements; or

            (IV) 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 it is voluntarily surrendered; and

            (b) no later than one year after the day on which the license is voluntarily surrendered.


Amended by Chapter 349, 2009 General Session