Utah § 31A-37a-202 Revocation, suspension, amendment, or modification of a certificate of authority.

Utah Statutes

§ 31A-37a-202 — Revocation, suspension, amendment, or modification of a certificate of authority.

Utah § 31A-37a-202

Title 31AInsurance Code

Ch. 31A-37aSpecial Purpose Financial Captive Insurance Company Act

Part 31A-37a-2Certificate of Authority and Operations

This text of Utah § 31A-37a-202 (Revocation, suspension, amendment, or modification of a certificate of authority.) 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-37a-202 (2026).

Text

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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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.