Utah Statutes
§ 31A-28-102 — Purpose.
Utah·Title 31A Insurance Code·Ch. 31A-28 Guaranty Associations·Part 31A-28-1 Utah Life and Health Insurance Guaranty Association Act
(1)The purpose of this part is to protect, subject to certain limitations, the persons specified in Subsections 31A-28-103(1) through (5) against failure in the performance of contractual obligations, under a life insurance, accident and health insurance, or annuity policy or contract specified in Subsections 31A-28-103(6) and (7), because of the impairment or insolvency of the member insurer that issued the policy or contract.
(2)To provide the protection described in Subsection (1):
(2)(a) the Utah Life and Health Insurance Guaranty Association, which currently exists, is continued to pay benefits and to continue coverages as limited by this part; and
(2)(b) members of the association are subject to assessment to provide funds to carry out the purpose of this part.
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Related
Workers' Compensation Fund v. State
2005 UT 52 (Utah Supreme Court, 2005)
Legislative History
Amended by Chapter 391, 2018 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.