Licenses With Special Requirements
Adjuster
“Insurance adjusting” or “adjusting” means directing the investigation, negotiation, or settlement of a claim under an insurance policy, on behalf of an insurer, policyholder, or a claimant under an insurance policy.
- Company adjuster means a person employed by an insurer whose regular duties include insurance adjusting. Utah does not license company adjusters.
- Independent adjuster means an insurance adjuster required to be licensed under 31A-26-201, who engages in insurance adjusting as a representative of insurers.
- Public adjuster means a person required to be licensed under 31A-26-201, who engages in insurance adjusting as a representative of insureds and claimants under insurance policies.
Licensing: To qualify for an adjuster license, you must take and pass the appropriate exam. Fingerprinting is required for resident adjusters. *For non-resident adjusters, please see Non-Resident Adjuster Licensing Procedures.
Consultant
UCA 31A-1-301(90): “Insurance consultant” or “consultant” means a person who:
- advises another person about insurance needs and coverages;
- is compensated by the person advised on a basis not directly related to the insurance placed; and
- except as provided in 31A-23a-501, is not compensated directly or indirectly by an insurer or producer for advice given.
Licensing: To qualify for a consultant license, you must have been acting in a capacity that would provide you with the preparation to act as an insurance consultant for an aggregate period of not less than three years during the four years immediately preceding the date of the application. Your qualifications must relate to the line of insurance for which you plan to consult.
It is your responsibility to make sure you meet the minimum experience requirements prior to taking the exam.
Managing general agent
UCA 31A-23a-102(6)(a): “Managing general agent” means a person that:
- manages all or part of the insurance business of an insurer, including the management of a separate division, department, or underwriting office;
- acts as an agent for the insurer whether it is known as a managing general agent, manager, or other similar term;
- produces and underwrites an amount of gross direct written premium equal to, or more than 5% of, the policyholder surplus as reported in the last annual statement of the insurer in any one quarter or year:
- with or without the authority;
- separately or together with an affiliate; and
- directly or indirectly; and
- A. adjusts or pays claims in excess of an amount determined by the commissioner; or
B. negotiates reinsurance on behalf of the insurer. (b) Notwithstanding Subsection (6)(a), the following persons may not be considered as managing general agent for the purposes of this chapter:- an employee of the insurer;
- a United States manager of the United States branch of an alien insurer;
- an underwriting manager that, pursuant to contract:
- manages all the insurance operations of the insurer;
- is under common control with the insurer;
- is subject to Chapter 16, Insurance Holding Companies; and
- is not compensated based on the volume of premiums written; and
- the attorney-in-fact authorized by and acting for the subscribers of a reciprocal insurer or inter-insurance exchange under powers of attorney.
Licensing: Pursuant to 31A-23a-601, the Utah Insurance Department licenses both individuals and organizations as Managing General Agents/Agencies. A producer license must be held first before the MGA license will be issued. Residents or non-residents may apply online at SIRCON or NIPR.
*We do not require a bond be submitted with the application.
Reinsurance intermediary
UCA 31A-23a-102(8): “Reinsurance intermediary” means:
- a reinsurance intermediary-broker; or
- a reinsurance intermediary-manager.
UCA 31A-23a-102(9): “Reinsurance intermediary-broker” means a person other than an officer or employee of the ceding insurer, firm, association, or corporation who solicits, negotiates, or places reinsurance cessions or retrocessions on behalf of a ceding insurer without the authority or power to bind reinsurance on behalf of the insurer.
UCA 31A-23a-102(10): “Reinsurance intermediary-manager” means a person who:
- has authority to bind or who manages all or part of the assumed reinsurance business of a reinsurer, including the management of a separate division, department, or underwriting office; and
- acts as an agent for the reinsurer whether the person is known as a reinsurance intermediary-manager, manager, or other similar term.
- Notwithstanding Subsection (10)(a), the following persons may not be considered reinsurance intermediary-managers for the purpose of this chapter with respect to the reinsurer:
- an employee of the reinsurer;
- a United States manager of the United States branch of an alien reinsurer;
- an underwriting manager that, pursuant to contract:
- manages all the reinsurance operations of the reinsurer;
- is under common control with the reinsurer;
- is subject to Chapter 16, Insurance Holding Companies; and
- is not compensated based on the volume of premiums written; and
- the manager of a group, association, pool, or organization of insurers that:
- engage in joint underwriting or joint reinsurance; and
- are subject to examination by the insurance commissioner of the state in which the manager’s principal business office is located.
- Notwithstanding Subsection (10)(a), the following persons may not be considered reinsurance intermediary-managers for the purpose of this chapter with respect to the reinsurer:
Licensing: Pursuant to 31A-23a-801, the Utah Insurance Department licenses both individuals and organizations as Reinsurance Intermediaries. A producer license must be held first before the reinsurance intermediary license will be issued.
Residents or Non-residents may apply online at SIRCON or NIPR.
*We do not require a bond be submitted with the application.
Surplus lines
To qualify for surplus lines, you must have been a property/casualty insurance producer for at least three of the past four years. The “comparable preparation” provision does not apply to surplus lines.
Residents or Non-residents may apply online at SIRCON or NIPR.
* It is your responsibility to make sure you meet the minimum experience requirements prior to taking the exam.
*For Non-Resident Surplus Lines: Please refer to the non-resident jurisdictional agreement statute in 31A-23a-109.
Third-party administrator
UCA 31A-1-301(182): “Third party administrator” or “administrator” means a person who collects charges or premiums from, or who, for consideration, adjusts or settles claims of residents of the state in connection with insurance coverage, annuities, or service insurance coverage.
*For a list of licensing exemptions, please see 31A-1-301(182).
Licensing: Third-party administrator applications are now completed online through SIRCON or NIPR. The fee is $85. After completing the application, please fax a copy of the bond to the Department at 385-465-6055 or email to email licensing.uid@utah.gov.
Variable contracts
To qualify for a variable contracts license, you must meet the following requirements:
- Either apply for a life license at the same time or already hold a life license.
- Have evidence of a current FINRA qualification and registration with the Utah Securities Division (a current CRD showing Utah approval).
- For Non-resident Variable Contracts: Please refer to the non-resident jurisdictional agreement in 31A-23a-109.
Residents or Non-residents may apply online at SIRCON or NIPR.