Utah § 31A-37-104 Applicability of reorganization, receivership, and injunction authority.

Utah Statutes

§ 31A-37-104 — Applicability of reorganization, receivership, and injunction authority.

Utah § 31A-37-104

Title 31AInsurance Code

Ch. 31A-37Captive Insurance Companies Act

Part 31A-37-1General Provisions

This text of Utah § 31A-37-104 (Applicability of reorganization, receivership, and injunction authority.) 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-37-104 (2026).

Text

(1)Except as provided in Chapter 37a, Special Purpose Financial Captive Insurance Company Act, and Subsection (2), Chapter 27a, Insurer Receivership Act, applies to a captive insurance company formed or holding a certificate of authority under this chapter.

(2)In the case of a sponsored captive insurance company:

(2)(a) the assets of a cell may not be used to pay an expense or claim other than one attributable to the cell; and

(2)(b) the capital and surplus of the sponsored captive insurance company:

(2)(b)(i) shall at all times be available to pay:

(2)(b)(i)(A) an expense of the sponsored captive insurance company; or

(2)(b)(i)(B) a claim against the sponsored captive insurance company; and

(2)(b)(ii) may not be used to pay an expense or claim attributable to a cell.

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(1) Except as provided in Chapter 37a, Special Purpose Financial Captive Insurance Company Act, and Subsection (2), Chapter 27a, Insurer Receivership Act, applies to a captive insurance company formed or holding a certificate of authority under this chapter.
(2) In the case of a sponsored captive insurance company:
(2)(a) the assets of a cell may not be used to pay an expense or claim other than one attributable to the cell; and
(2)(b) the capital and surplus of the sponsored captive insurance company:
(2)(b)(i) shall at all times be available to pay:
(2)(b)(i)(A) an expense of the sponsored captive insurance company; or
(2)(b)(i)(B) a claim against the sponsored captive insurance company; and
(2)(b)(ii) may not be used to pay an expense or claim attributable to a cell.