Title 31A Chapter 23a Section 101

Insurance Code
Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries
Section 101
Purposes.

            

31A-23a-101.   Purposes.

            The purposes of this chapter include:

            (1) promoting the professional competence of insurance producers, surplus lines producers, limited line producers, consultants, managing general agents, and reinsurance intermediaries;

            (2) providing maximum freedom of marketing methods for insurance, consistent with the interests of the Utah public;

            (3) preserving and encouraging competition at the consumer level;

            (4) regulating insurance marketing practices in conformity with the general purposes of this title;

            (5) governing the qualifications and procedures for the licensing of insurance producers, surplus lines producers, limited line producers, consultants, managing general agents, and reinsurance intermediaries; and

            (6) promoting uniform licensing requirements between the several states.


Amended by Chapter 253, 2012 General Session