Utah Statutes
§ 31A-38-104 — Authorization -- Money transferred for reserves.
(1)The Department of Workforce Services may:
(1)(a) convert the bridge program to the state program through any of the following, or combination of the following, that the Department of Workforce Services considers best serves the needs of qualified participants:
(1)(a)(i) a contract with a licensed insurance company authorized to do business in the state;
(1)(a)(ii) through any other arrangement acceptable under the Trade Reform Act; or
(1)(a)(iii) a self-insurance program through a third party administrator as provided in Subsection 31A-38-103(3)(b)(ii); and
(1)(b) obligate up to $2,000,000 of the Workforce Initiatives Fund created in Section 35A-4-506 as reserves for the state program.
(2)The money in Subsection (1)(b) may be used until the reserves in the state program become adequat
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 31A-38-104 (Authorization -- Money transferred for reserves.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 110, 2024 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.