Utah Statutes
§ 31A-37a-301 — Formation.
Utah·Title 31A Insurance Code·Ch. 31A-37a Special Purpose Financial Captive Insurance Company Act·Part 31A-37a-3 Formation and Assets
(1)A special purpose financial captive insurance company may be:
(1)(a) incorporated as a stock insurer with its capital divided into shares and held by its stockholders; or
(1)(b) organized as a manager-managed limited liability company.
(2)A special purpose financial captive insurance company's organizational documents shall limit the special purpose financial captive insurance company's authority to transact the business of insurance or reinsurance to those activities that the special purpose financial captive insurance company conducts to accomplish its purposes as expressed in this chapter.
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Utah § 31A-37a-301 (Formation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.