Current through the 2024 Fourth Special Session
Section 31A-40-302 - Licensing process(1) To apply for an initial or renewal license under this chapter, a person shall: (a)(i) submit an application with the commissioner on a form and in a manner the commissioner shall determine by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act; and(ii) pay a license fee determined in accordance with Section 31A-3-103 that is not refunded if the application: (B) does not comply with Section 31A-40-303; or(C) if incomplete, is never completed by the person filing the application; or(b) comply with Section 31A-40-303.(2) In the application described in Subsection (1)(a), the person shall provide: (a) any name under which the professional employer organization will engage in a professional employer service;(b) the address of the principal place of business of the professional employer organization;(c) the address of each location the professional employer organization maintains in this state;(d) the professional employer organization's federal taxpayer or employer identification number;(e) the following information by jurisdiction of each name under which the professional employer organization operated in the five years preceding the day on which the person submits the application: (ii) an alternative name, if any;(iii) a name of a predecessor; and(iv) if known, a successor business entity;(f) a statement of ownership that includes the name and evidence of the business experience of a person that, individually or acting in concert with one or more other persons, owns or controls, directly or indirectly, 10% or more of the equity interests of the professional employer organization;(g) a statement of management that includes the name and evidence of the business experience of an individual who: (i) serves as president of the professional employer organization;(ii) serves as chief executive officer of the professional employer organization; or(iii) may act as a senior executive officer of the professional employer organization; and(h) a financial statement that:(i) sets forth the financial condition of: (A) the professional employer organization; or(B) a professional employer organization group in which the professional employer organization is a member;(ii) states whether or not the professional employer organization complies with Section 31A-40-205; and(iii) complies with Section 31A-40-305.(3) A professional employer organization shall renew its license by no later than October 1 of each year.Amended by Chapter 10, 2010 General Session.