Utah Statutes
§ 31A-15-101 — Purposes.
Utah·Title 31A Insurance Code·Ch. 31A-15 Unauthorized Insurers, Surplus Lines, and Risk Retention Groups·Part 31A-15-1 Unauthorized Insurers and Surplus Lines
It is the purpose of this chapter to:
(1)prevent evasion by unauthorized insurers of the regulatory and tax laws of Utah and protect Utah and its residents against loss from that type of evasion;
(2)subject unauthorized insurers and other persons doing an insurance business in Utah to the jurisdiction of the Utah commissioner and courts;
(3)protect authorized insurers from unfair competition by unauthorized insurers; and
(4)provide an orderly method, under reasonable and practical safeguards, for procuring insurance from unauthorized insurers.
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 31A-15-101 (Purposes.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 242, 1985 General Session
Nearby Sections
15
§ 31A-1-101
Short title.§ 31A-1-102
Purposes.§ 31A-1-103
Scope and applicability of title.§ 31A-1-104
Authorization to do insurance business.§ 31A-1-105
Presumption of jurisdiction.§ 31A-1-106
Residual unlicensed domestic insurers.§ 31A-1-107
Licensees under former Title 31.§ 31A-1-108
Corporations in the process of organizing.§ 31A-1-109
Name of licensee.§ 31A-1-110
Scope of a license.§ 31A-1-201
Construction.§ 31A-1-202
Effect of repeal of former provisions.§ 31A-1-203
Interpretive rules.§ 31A-1-205
Severability.§ 31A-1-301
Definitions.