Utah Statutes
§ 31A-37-403 — Participants in sponsored captive insurance companies.
Utah·Title 31A Insurance Code·Ch. 31A-37 Captive Insurance Companies Act·Part 31A-37-4 Sponsored Captive Insurance Companies
(1)Any of the following may be a participant in a sponsored captive insurance company holding a certificate of authority under this chapter:
(1)(a) an association;
(1)(b) a corporation that is for profit or nonprofit;
(1)(c) a limited liability company;
(1)(d) a partnership;
(1)(e) a trust; or
(1)(f) any other business entity.
(2)A sponsor may be a participant in a sponsored captive insurance company.
(3)A participant need not be:
(3)(a) a shareholder of the sponsored captive insurance company; or
(3)(b) an affiliate of the sponsored captive insurance company.
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Legislative History
Amended by Chapter 175, 2025 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.