Utah § 31A-27a-110 Cooperation of officers, owners, and employees.

Utah Statutes

§ 31A-27a-110 — Cooperation of officers, owners, and employees.

Utah § 31A-27a-110

Title 31AInsurance Code

Ch. 31A-27aInsurer Receivership Act

Part 31A-27a-1General Provisions

This text of Utah § 31A-27a-110 (Cooperation of officers, owners, and employees.) 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-27a-110 (2026).

Text

(1)As used in this section:

(1)(a) "Cooperate" includes to:

(1)(a)(i) reply promptly in writing to an inquiry from the commissioner or receiver requesting a reply; and

(1)(a)(ii) promptly make available to the commissioner or receiver any record, account, information, or property:

(1)(a)(ii)(A) of or pertaining to the insurer; and

(1)(a)(ii)(B) in the person's possession, custody, or control.

(1)(b) "Person" includes a person who exercises control directly or indirectly over activities of the insurer through:

(1)(b)(i) a holding company; or

(1)(b)(ii) other affiliate of the insurer.

(2)The following shall cooperate with the commissioner or receiver in a proceeding under this chapter or an investigation preliminary to a proceeding under this chapter:

(2)(a) a present or former officer,

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(1) As used in this section:

(1)(a) "Cooperate" includes to:
(1)(a)(i) reply promptly in writing to an inquiry from the commissioner or receiver requesting a reply; and
(1)(a)(ii) promptly make available to the commissioner or receiver any record, account, information, or property:

(1)(a)(ii)(A) of or pertaining to the insurer; and
(1)(a)(ii)(B) in the person's possession, custody, or control.
(1)(b) "Person" includes a person who exercises control directly or indirectly over activities of the insurer through:
(1)(b)(i) a holding company; or
(1)(b)(ii) other affiliate of the insurer.
(2) The following shall cooperate with the commissioner or receiver in a proceeding under this chapter or an investigation preliminary to a proceeding under this chapter:

(2)(a) a present or former officer, manager, director, trustee, owner, or employee of an insurer;
(2)(b) a present or former agent of an insurer; or
(2)(c) a person with authority over or in charge of any segment of the insurer's affairs.
(3) A person may not obstruct or interfere with the commissioner or receiver in the conduct of:

(3)(a) a delinquency proceeding; or
(3)(b) an investigation preliminary or incidental to a delinquency proceeding.
(4) This section may not be construed to abridge otherwise existing legal rights, including the right to resist:

(4)(a) a petition for liquidation or other delinquency proceeding; or
(4)(b) other orders.
(5) (5)(a) A person described in Subsection (5)(b) is:
(5)(a)(i) guilty of a class B misdemeanor, except that the fine may exceed $1,000 but may not exceed $10,000; or
(5)(a)(ii) after a hearing, subject to:

(5)(a)(ii)(A) the commissioner imposing a civil penalty that may not exceed $10,000;
(5)(a)(ii)(B) the revocation or suspension of an insurance license issued by the commissioner; or
(5)(a)(ii)(C) a combination of Subsections (5)(a)(ii)(A) and (B).
(5)(b) This Subsection (5) applies to:
(5)(b)(i) a person described in Subsection (2) who fails to cooperate with the commissioner or receiver;
(5)(b)(ii) a person who obstructs or interferes with the commissioner or receiver in the conduct of a delinquency proceeding or an investigation preliminary or incidental to a delinquency proceeding; or
(5)(b)(iii) a person who violates an order validly issued under this chapter.