{"data":{"id":"us-ut/utah-code-31a-40-307","jurisdiction":"us-ut","citation":"Utah Code § 31A-40-307","heading":"Voluntary surrender of professional employer organization license.","body":"(1) When a professional employer organization wants to voluntarily surrender its professional employer organization license, the professional employer organization shall:\n(a) notify in writing each coemployer regarding the impending loss of the following provided under the professional employer agreement:\n(i) workers' compensation insurance coverage;\n(ii) health care benefits, if a coemployers' employee welfare plan includes fully insured or partially insured health insurance benefits; and\n(iii) any other insurance benefit provided to coemployers by the professional employer organization; and\n(b) submit a letter of intent to voluntarily surrender the license to the commissioner:\n(i) after providing the notice to coemployers under Subsection (1)(a); and\n(ii) not less than 45 days before the day on which the professional employer organization surrenders its professional employer organization license.\n(2) The letter of intent to voluntarily surrender a professional employer organization license shall include the following:\n(a) the reason the professional employer organization license is being surrendered;\n(b) a discussion of each process or plan to handle the obligations to coemployers and employees;\n(c) a list of coemployers as of the date of the letter;\n(d) a copy of the notice sent to the coemployers under Subsection (1)(a);\n(e) certification that the professional employer organization has notified the coemployers located in Utah of the professional employer organization's intent to cease doing business in Utah; and\n(f) the signature of the professional employer organization's chief executive officer or controlling individual.","path":["Title 31A Insurance Code","Chapter 31A-40 Professional Employer Organization Licensing Act","Part 31A-40-3 Licensing Requirements"],"source_url":"https://le.utah.gov/xcode/Title31A/Chapter40/31A-40-S307.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"78170ab537886fcd56bcff9700bb8ffb4ff58995d991c8f4c1383e5ac412a2de","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-31a-40-306","next":"us-ut/utah-code-31a-40-308"},"notice":"GroundRules: Original legal text. Not legal advice."}