Utah § 31A-37-305 Contributions to guaranty or insolvency fund prohibited.

Utah Statutes

§ 31A-37-305 — Contributions to guaranty or insolvency fund prohibited.

Utah § 31A-37-305

Title 31AInsurance Code

Ch. 31A-37Captive Insurance Companies Act

Part 31A-37-3Requirements

This text of Utah § 31A-37-305 (Contributions to guaranty or insolvency fund prohibited.) 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-37-305 (2026).

Text

(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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(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.