Utah Statutes
§ 31A-37-305 — Contributions to guaranty or insolvency fund prohibited.
(1)A captive insurance company may not join or contribute financially to any of the following in this state:
(1)(a) a plan;
(1)(b) a pool;
(1)(c) an association;
(1)(d) a guaranty fund; or
(1)(e) an insolvency fund.
(2)A captive insurance company, the insured of a captive insurance company, the parent of a captive insurance company, an affiliate of a captive insurance company, or a member organization of an association captive insurance company may not receive a benefit from:
(2)(a) a plan;
(2)(b) a pool;
(2)(c) an association;
(2)(d) a guaranty fund for claims arising out of the operations of the captive insurance company; or
(2)(e) an insolvency fund for claims arising out of the operations of the captive insurance company.
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Utah § 31A-37-305 (Contributions to guaranty or insolvency fund prohibited.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 168, 2017 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.