Utah Statutes

§ 31A-22-1204 — Approval required for bulk insurance.

Utah § 31A-22-1204
JurisdictionUtah
Title 31AInsurance Code
Ch. 31A-22Contracts in Specific Lines
Part 31A-22-12Reinsurance

This text of Utah § 31A-22-1204 (Approval required for bulk insurance.) 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-22-1204 (2026).

Text

Reinsurance credit is not allowed to a domestic insurer for reinsurance ceded when such reinsurance constitutes all or substantially all of the insurance in force of the domestic insurer, unless the agreement purporting to transfer the reinsurance is in writing and:

(1)approved by the commissioner prior to execution of the agreement; or
(2)provides that the agreement is subject to the approval of the commissioner.

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Legislative History

Enacted by Chapter 258, 1992 General Session

Nearby Sections

15
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Bluebook (online)
Utah § 31A-22-1204, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/31A-22-1204.