Utah § 31A-18-109 Effect of investment restrictions.

Utah Statutes

§ 31A-18-109 — Effect of investment restrictions.

Utah § 31A-18-109

Title 31AInsurance Code

Ch. 31A-18Investments

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Bluebook

Utah Code Ann. § 31A-18-109 (2026).

Text

(1)(1)(a) An insurer may count an invested asset towards the satisfaction of the minimum asset requirement only to the extent that the insurer invests the invested asset in compliance with this chapter, applicable department rules, and orders issued by the commissioner in compliance with this chapter.

(1)(b) An insurer may count assets other than invested assets towards the satisfaction of the minimum asset requirement at admitted annual statement value.

(2)An investment held as an admitted asset by an insurer and that qualified under this chapter as an admitted asset on May 7, 2025, remains an admitted asset under this chapter.

(3)For purposes of Subsection (1), an insurer may count assets that would not otherwise qualify under this chapter if an insurer acquires the assets in the bona

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(1) (1)(a) An insurer may count an invested asset towards the satisfaction of the minimum asset requirement only to the extent that the insurer invests the invested asset in compliance with this chapter, applicable department rules, and orders issued by the commissioner in compliance with this chapter.
(1)(b) An insurer may count assets other than invested assets towards the satisfaction of the minimum asset requirement at admitted annual statement value.
(2) An investment held as an admitted asset by an insurer and that qualified under this chapter as an admitted asset on May 7, 2025, remains an admitted asset under this chapter.
(3) For purposes of Subsection (1), an insurer may count assets that would not otherwise qualify under this chapter if an insurer acquires the assets in the bona fide enforcement of creditors' rights or in a bona fide workout or settlement of disputed claims for five years after acquisition of the asset.