Current through the 2024 Fourth Special Session
Section 31A-23a-101 - PurposesThe 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 ,§ 8, eff. 5/8/2012.Renumbered and Amended by Chapter 298, 2003 General Session