Utah Statutes
§ 31A-36-107 — Examinations and retention of records.
(1)The commissioner may conduct an examination of a life settlement provider or life settlement producer in accordance with Sections 31A-2-203, 31A-2-203.5, 31A-2-204, and 31A-2-205.
(2)A life settlement provider or life settlement producer shall retain for five years copies of:
(2)(a) the following records, whether proposed, offered, or executed, from the later of the date of the proposal, offer, or execution:
(2)(a)(i) contracts;
(2)(a)(ii) purchase agreements;
(2)(a)(iii) underwriting documents;
(2)(a)(iv) policy forms; and
(2)(a)(v) applications;
(2)(b) checks, drafts, and other evidence or documentation relating to the payment, transfer, or release of money, from the date of the transaction; and
(2)(c) records and documents related to the requirements of this chapter.
(3)This sect
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Legislative History
Amended by Chapter 297, 2011 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.