Utah Statutes
§ 31A-37-504 — Examinations for branch and alien captive insurance companies.
Utah·Title 31A Insurance Code·Ch. 31A-37 Captive Insurance Companies Act·Part 31A-37-5 Department Enforcement
(1)The examination for a branch captive insurance company shall be of branch business and branch operations only, if the branch captive insurance company:
(1)(a) provides annually to the commissioner a certificate of compliance, or an equivalent, issued by or filed with the licensing authority of the jurisdiction in which the branch captive insurance company is formed; and
(1)(b) demonstrates to the commissioner's satisfaction that the branch captive insurance company is operating in sound financial condition in accordance with the applicable laws and regulations of the jurisdiction in which the branch captive insurance company is formed.
(2)As a condition of obtaining a certificate of authority, an alien captive insurance company shall grant authority to the commissioner to examine the
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Utah § 31A-37-504 (Examinations for branch and alien captive insurance companies.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 284, 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.