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Utah Code § 31A-23a-206

Special requirements for variable contracts line of authority

Utah · Utah Code Title 31A — Insurance Code · Status: effective

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Utah Code § 31A-23a-206, Special requirements for variable contracts line of authority, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2333928
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(1) Before applying for a variable contracts line of authority: (a) a producer shall be licensed under Section 61-1-3 as a: (i) broker-dealer; or (ii) broker-dealer agent; and (b) a consultant shall be licensed under Section 61-1-3 as an: (i) investment adviser; or (ii) investment adviser representative. (2) A producer's or consultant's variable contracts line of authority is canceled on the day the producer's or consultant's securities related license under Section 61-1-3 is no longer active.