Utah Administrative Code
Topic - Insurance
Title R590 - Administration
Rule R590-133 - Variable Contracts
Section R590-133-8 - Additional Provisions Applicable to Variable Contract Producers
Current through Bulletin 2024-06, March 15, 2024
(1) A person licensed in this state as a variable contract producer shall immediately report to the commissioner:
(2) The commissioner may reject an application for a variable contract producer's license upon any ground that would bar the applicant from being licensed to sell life insurance contracts in this state.
(3) The commissioner may suspend, revoke, or refuse to renew any variable contract producer's license upon any ground that would bar the producer from being licensed to sell a life insurance policy or an annuity contract in this state.
(4) A variable contract producer shall renew a license by following the same license renewal procedure for a life insurance producer.