Utah Statutes

§ 31A-27a-208 — Entry of order.

Utah·Title 31A Insurance Code·Ch. 31A-27a Insurer Receivership Act·Part 31A-27a-2 Proceedings
(1)If the commissioner establishes any of the grounds provided in Section 31A-27a-207, the receivership court shall:
(1)(a) grant the petition; and
(1)(b) issue the order of rehabilitation or liquidation requested in the petition.
(2)Upon the issuance of the order, the commissioner shall forward a copy of the order by first-class mail or electronic communication as permitted by the receivership court to the commissioners and guaranty associations in states in which the insurer did business.

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Legislative History

Enacted by Chapter 309, 2007 General Session

Nearby Sections

15
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