Utah Statutes
§ 31A-4-105.5 — Deposit required from foreign insurers.
Utah § 31A-4-105.5
This text of Utah § 31A-4-105.5 (Deposit required from foreign insurers.) 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-4-105.5 (2026).
Text
(1)(1)(a) Foreign insurers operating under Chapter 14, Foreign Insurers, shall maintain a deposit in the amount of the insurer's minimum required capital for stock insurers, or minimum required permanent surplus for mutual insurers.
(1)(b) The deposit shall be held for the benefit of all policyholders and may be maintained with an official of some other state designated by law to accept the deposit.
(2)The commissioner may not issue or renew a certificate of authority to an insurer until the insurer complies with this section.
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Legislative History
Enacted by Chapter 316, 1994 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.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 31A-4-105.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/31A-4-105.5.