31A-23a-107. Character requirements.
Each applicant for a license under this chapter shall show to the commissioner that:
(1) the applicant has the intent in good faith, to engage in the type of business that the
license applied for would permit;
(2) if a natural person, the applicant is competent and trustworthy; or, if the applicant is
an agency, all the partners, directors, or principal officers or persons having comparable powers
are trustworthy, and that it will transact business in such a way that all acts that may only be
performed by a licensed producer, limited line producer, customer service representative,
consultant, managing general agent, or reinsurance intermediary are performed exclusively by
natural persons who are licensed under this chapter to transact that type of business and
designated on the agency's license;
(3) the applicant intends to comply with Section 31A-23a-502; and
(4) if a natural person, the applicant is at least 18 years of age.
Renumbered and Amended by Chapter 298, 2003 General Session
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Last revised: Thursday, May 28, 2009