Utah Statutes
§ 31A-37a-202 — Revocation, suspension, amendment, or modification of a certificate of authority.
Utah·Title 31A Insurance Code·Ch. 31A-37a Special Purpose Financial Captive Insurance Company Act·Part 31A-37a-2 Certificate of Authority and Operations
Except as provided in Sections 31A-37a-501 and 31A-37a-502, the commissioner may not revoke, suspend, amend, or modify a certificate of authority issued to a special purpose financial captive insurance company under this chapter or an order issued under Subsection 31A-37a-201(4) unless:
(1)the special purpose financial captive insurance company consents to the revocation, suspension, amendment, or modification; or
(2)the commissioner shows by clear and convincing evidence that the revocation, suspension, amendment, or modification is necessary to avoid irreparable harm to:
(2)(a) a special purpose financial captive insurance company; or
(2)(b) a ceding insurer.
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Legislative History
Enacted by Chapter 302, 2008 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.