Utah § 31A-17-202 Status of assets that are not "qualified assets."

Utah Statutes

§ 31A-17-202 — Status of assets that are not "qualified assets."

Utah § 31A-17-202

Title 31AInsurance Code

Ch. 31A-17Determination of Financial Condition

Part 31A-17-2Qualified Assets

This text of Utah § 31A-17-202 (Status of assets that are not "qualified assets.") 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-17-202 (2026).

Text

(1)(1)(a) Except as provided in Subsection (1)(b), if an insurer owns assets that are not qualified assets under Section 31A-17-201, the assets shall be disregarded in determining and reporting the financial condition of the insurer.

(1)(b) An insurer may invest its funds in investments that are permitted under Section 31A-18-105 but in excess of the limits under Sections 31A-18-103 and 31A-18-106 or other assets approved by the commissioner and these assets may be recognized and reported in the financial condition of the insurer to the extent the insurer has excess surplus, as defined under Section 31A-1-301.

(2)Insurers bear the burden of establishing the extent to which they have excess surplus.

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(1) (1)(a) Except as provided in Subsection (1)(b), if an insurer owns assets that are not qualified assets under Section 31A-17-201, the assets shall be disregarded in determining and reporting the financial condition of the insurer.
(1)(b) An insurer may invest its funds in investments that are permitted under Section 31A-18-105 but in excess of the limits under Sections 31A-18-103 and 31A-18-106 or other assets approved by the commissioner and these assets may be recognized and reported in the financial condition of the insurer to the extent the insurer has excess surplus, as defined under Section 31A-1-301.
(2) Insurers bear the burden of establishing the extent to which they have excess surplus.