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Current as of May 05, 2022 | Updated by FindLaw Staff
(1) If a person is required to register under Section 31A-6b-201, to register the person shall submit to the commissioner:
(a) an application for registration;
(b) a copy of any guaranteed asset protection waiver that the person will issue, market, sell, offer to sell, or otherwise provide in this state; and
(c) a registration fee established by the commissioner in accordance with Section 31A-3-103, except that the registration fee may not exceed $1,000.
(2)(a) On and after July 1, 2011, a person registered under this title shall pay to the commissioner an annual fee:
(i) by no later than July 1 of each year after the day on which the person registers; and
(ii) established by the commissioner in accordance with Section 31A-3-103, except that the annual fee may not exceed $1,000.
(b) If a person fails to pay the annual fee required under this Subsection (2) by October 1, the person's registration expires.
(3) The commissioner shall deposit a fee collected under this section into the restricted account.
Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-6b-202. Registration process--Annual fee - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-6b-202/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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