Section 53-9-109 - Application for agency license - Liability insurance - Workers' compensation(1) Every application for an agency license to engage in the private investigative business shall provide to the bureau:(a) the full name and business address of the applicant;(b) one passport-size color photograph of the applicant;(c) the name under which the applicant intends to do business;(d) a statement that the applicant intends to engage in the private investigative business;(e) a verified statement of the applicant's experience and qualifications as provided in Section 53-9-108; and(f) the fee prescribed in Section 53-9-111.(2) Before the issuance or renewal of an agency license, the applicant shall provide to the bureau: (a) a certificate of liability insurance; and(b) a certificate of workers' compensation insurance, if applicable.(3) The liability insurance required by this section shall:(a) protect against liability to third persons;(b) contain a limit of liability in an amount of not less than $500,000;(c) be continuous in form and run concurrently with the license period; and(d) provide for notice to the bureau in the event of cancellation of the liability insurance.(4)(a) The bureau shall cancel a license when it receives notice from the insurer that liability insurance required under Subsection (2) has expired or been canceled.(b) The licensee shall be notified by the bureau when a license has been cancelled under this Subsection (4).(c) The license may be reinstated when the licensee:(i) files proof of liability insurance for the remainder of the license period; and(ii) pays the reinstatement fee prescribed in Section 53-9-111.Amended by Chapter 432, 2011 General Session.