Utah § 31A-14-215 Assessment by foreign company.

Utah Statutes

§ 31A-14-215 — Assessment by foreign company.

Utah § 31A-14-215

Title 31AInsurance Code

Ch. 31A-14Foreign Insurers

Part 31A-14-2Authorization of Foreign Insurers

This text of Utah § 31A-14-215 (Assessment by foreign company.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 31A-14-215 (2026).

Text

Every foreign mutual insurer authorized in this state shall notify the commissioner immediately after making an assessment upon any of its members in this state.  The insurer shall attach to the notice a statement of the condition of the insurer, giving the facts showing the necessity for the assessment.  Unless the commissioner orders otherwise under a Chapter 27, Part 5, Administrative Actions, proceeding, a foreign mutual insurer authorized in this state may not make or increase any assessment because of its inability to collect assessments from its members in other states.

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Every foreign mutual insurer authorized in this state shall notify the commissioner immediately after making an assessment upon any of its members in this state. The insurer shall attach to the notice a statement of the condition of the insurer, giving the facts showing the necessity for the assessment. Unless the commissioner orders otherwise under a Chapter 27, Part 5, Administrative Actions, proceeding, a foreign mutual insurer authorized in this state may not make or increase any assessment because of its inability to collect assessments from its members in other states.