State Codes and Statutes
Statutes > Utah > Title-31a > Chapter-35 > 31a-35-40131A-35-401. Requirement for license or certificate of authority -- Process -- Fees --Limitations.
(1) (a) A person may not engage in the bail bond surety insurance business unless thatperson:
(i) is a bail bond surety company licensed under this chapter;
(ii) is a surety insurer that is granted a certificate under this section in the same manner asother insurers doing business in this state are granted certificates of authority under this title; or
(iii) is a bail bond producer licensed in accordance with this section.
(b) A bail bond surety company shall be licensed under this chapter as an agency.
(c) A bail bond producer shall be licensed under Chapter 23a, Insurance Marketing -Licensing Producers, Consultants, and Reinsurance Intermediaries, as a limited lines producer.
(2) A person applying for a bail bond surety company license under this chapter shallsubmit to the commissioner:
(a) a completed application form as prescribed by the commissioner;
(b) a fee as determined by the commissioner in accordance with Section 31A-3-103; and
(c) any additional information required by rule.
(3) A fee required under this section is not refundable.
(4) A fee collected from a bail bond surety company shall be deposited in a restrictedaccount created in Section 31A-35-407.
(5) (a) A bail bond surety company shall be domiciled in Utah.
(b) A bail bond producer shall be a resident of Utah.
(c) A foreign surety insurer that is granted a certificate to issue bail bonds may only issuebail bonds through a bail bond surety company licensed under this chapter.
Amended by Chapter 10, 2010 General Session
