Utah § 31A-1-102 Purposes.

Utah Statutes

§ 31A-1-102 — Purposes.

Utah § 31A-1-102

Title 31AInsurance Code

Ch. 31A-1General Provisions

Part 31A-1-1Purposes, Scope, and Application

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Bluebook

Utah Code Ann. § 31A-1-102 (2026).

Text

The purposes of the Insurance Code are to:

(1)ensure the solidity of insurers doing business in Utah;

(2)ensure that policyholders, claimants, and insurers are treated fairly and equitably;

(3)ensure that Utah has an adequate and healthy insurance market, characterized by competitive conditions, the spirit of innovation, and the exercise of initiative;

(4)provide for an insurance department that is expert in the field of insurance and able to enforce the Insurance Code effectively;

(5)encourage cooperation between the Insurance Department and other Utah regulatory bodies, as well as other federal and state governmental entities;

(6)preserve and improve state regulation of insurance;

(7)maintain freedom of contract and enterprise;

(8)encourage self regulation of the insurance indust

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The purposes of the Insurance Code are to:
(1) ensure the solidity of insurers doing business in Utah;
(2) ensure that policyholders, claimants, and insurers are treated fairly and equitably;
(3) ensure that Utah has an adequate and healthy insurance market, characterized by competitive conditions, the spirit of innovation, and the exercise of initiative;
(4) provide for an insurance department that is expert in the field of insurance and able to enforce the Insurance Code effectively;
(5) encourage cooperation between the Insurance Department and other Utah regulatory bodies, as well as other federal and state governmental entities;
(6) preserve and improve state regulation of insurance;
(7) maintain freedom of contract and enterprise;
(8) encourage self regulation of the insurance industry;
(9) encourage loss prevention as part of the insurance industry;
(10) keep the public informed on insurance matters; and
(11) achieve other purposes stated elsewhere in the Insurance Code.