31A-19a-302. Licensing of rate service organizations.
(1) A rate service organization applying for a license shall include with its application: a copy of its constitution, charter, articles of organization, agreement, association, or incorporation, and a copy of its bylaws, plan of operation, and any other rules or regulations governing the conduct of its business; a list of its members and subscribers; the name and address of one or more residents of Utah upon whom notices, processes affecting it, or orders of the commissioner may be served; a statement explaining in what capacity it plans to function and showing its technical qualifications for acting in the capacity for which it seeks a license; biographical information, as defined by the department, of the officers and directors of the organization; and any other relevant information and documents that the commissioner requires.
(2) A rate service organization that applies for a license under Subsectionshall promptly notify the commissioner of every material change in the facts or in the documents on which its application was based. (1)
(3) The commissioner shall issue a license specifying the authorized activity of an applicant, if the commissioner finds that: the applicant and the natural persons through whom it acts are competent, trustworthy, and technically qualified to provide the services proposed; and all the requirements of law are met. The commissioner may not issue a license if the proposed activity would tend to: create a monopoly; or lessen or substantially lessen the competition in any market.
(4) Any license issued under this chapter shall be subject to annual renewal. A fee shall be charged for the initial license and for renewal. The fee shall be set by the Legislature under Section. 31A-3-103
(5) Any amendment to a document filed under Subsectionshall be filed within at least 30 calendar days after the day the document becomes effective. Failure to comply with this Subsectionis a ground for revocation of the license granted under Subsection. (1)(a) (5) (3)
(6) The license of each rate service organization licensed under former, is continued under this chapter.