Utah Statutes
§ 31A-19a-305 — Anti-competitive agreements prohibited.
Utah·Title 31A Insurance Code·Ch. 31A-19a Utah Rate Regulation Act·Part 31A-19a-3 Rate Service Organizations
(1)(1)(a) An insurer may not assume any obligation to any person other than a policyholder or other company under common control, to use or adhere to certain rates or rating procedures.
(1)(b) Except for a policyholder or other company under common control, a person may not impose any penalty or other adverse consequence for failure of an insurer to adhere to certain rates or rating procedures.
(2)This section does not apply to rates used:
(2)(a) by a joint underwriting group;
(2)(b) by a pool;
(2)(c) under quota share reinsurance treaties; or
(2)(d) by a residual market mechanism.
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Legislative History
Renumbered and Amended by Chapter 130, 1999 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.