Utah § 31A-22-1202 Other reinsurance contracts.

Utah Statutes

§ 31A-22-1202 — Other reinsurance contracts.

Utah § 31A-22-1202

Title 31AInsurance Code

Ch. 31A-22Contracts in Specific Lines

Part 31A-22-12Reinsurance

This text of Utah § 31A-22-1202 (Other reinsurance contracts.) 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-22-1202 (2026).

Text

(1)If there is no assumption agreement under Subsection 31A-22-1201(2), the reinsurer's sole obligation is to the ceding insurer.

(2)No guaranty fund, security fund, or any other person, except the estate of the ceding insurer, has a claim against a reinsurer.

(3)Subject to contractual rights of offset, if a ceding insurer is put into receivership, the reinsurer shall pay any amount due under the contract in full, without reduction because of the receivership:

(3)(a) to the domiciliary receiver if there is one; or

(3)(b) if there is not domiciliary receiver, to a Utah receiver.

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(1) If there is no assumption agreement under Subsection 31A-22-1201(2), the reinsurer's sole obligation is to the ceding insurer.
(2) No guaranty fund, security fund, or any other person, except the estate of the ceding insurer, has a claim against a reinsurer.
(3) Subject to contractual rights of offset, if a ceding insurer is put into receivership, the reinsurer shall pay any amount due under the contract in full, without reduction because of the receivership:

(3)(a) to the domiciliary receiver if there is one; or
(3)(b) if there is not domiciliary receiver, to a Utah receiver.