Utah § 31A-16-101 Scope and purpose of chapter.

Utah Statutes

§ 31A-16-101 — Scope and purpose of chapter.

Utah § 31A-16-101

Title 31AInsurance Code

Ch. 31A-16Insurance Holding Companies

This text of Utah § 31A-16-101 (Scope and purpose of chapter.) 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-16-101 (2026).

Text

(1)This chapter applies to all persons doing an insurance business in Utah.

(2)The purposes of this chapter include:

(2)(a) exercising surveillance over the acquisition of a domestic insurer, to ensure that in the process of making it part of an insurance holding company system, the interests of policyholders, shareholders, and the public are not harmed;

(2)(b) providing the regulatory monitoring of those intercorporate relationships and transactions among affiliates within an insurance holding company system that may affect the solidity of insurers;

(2)(c) controlling the payment of dividends that might affect the solidity of insurers; and

(2)(d) providing, in appropriate cases, recoupment of dividends paid.

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(1) This chapter applies to all persons doing an insurance business in Utah.
(2) The purposes of this chapter include:

(2)(a) exercising surveillance over the acquisition of a domestic insurer, to ensure that in the process of making it part of an insurance holding company system, the interests of policyholders, shareholders, and the public are not harmed;
(2)(b) providing the regulatory monitoring of those intercorporate relationships and transactions among affiliates within an insurance holding company system that may affect the solidity of insurers;
(2)(c) controlling the payment of dividends that might affect the solidity of insurers; and
(2)(d) providing, in appropriate cases, recoupment of dividends paid.