Utah § 31A-15-101 Purposes.

Utah Statutes

§ 31A-15-101 — Purposes.

Utah § 31A-15-101

Title 31AInsurance Code

Ch. 31A-15Unauthorized Insurers, Surplus Lines, and Risk Retention Groups

Part 31A-15-1Unauthorized Insurers and Surplus Lines

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Bluebook

Utah Code Ann. § 31A-15-101 (2026).

Text

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.

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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.