Utah § 31A-4-109 Insurers as fundholders.

Utah Statutes

§ 31A-4-109 — Insurers as fundholders.

Utah § 31A-4-109

Title 31AInsurance Code

Ch. 31A-4Insurers in General

This text of Utah § 31A-4-109 (Insurers as fundholders.) 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-4-109 (2026).

Text

All of an insurer's assets shall be held, invested, and disbursed for the use and benefit of the insurer.  No policyholder, member, or beneficiary may have or acquire individual rights in these assets or become entitled to an apportionment or the surrender of any part of these assets, except as provided in this title or by contract. An insurer may create, maintain, invest, disburse, and apply any special funds necessary to carry out any purpose permitted by the laws of this state and the articles and bylaws of the insurer.

Free access — add to your briefcase to read the full text and ask questions with AI

All of an insurer's assets shall be held, invested, and disbursed for the use and benefit of the insurer. No policyholder, member, or beneficiary may have or acquire individual rights in these assets or become entitled to an apportionment or the surrender of any part of these assets, except as provided in this title or by contract. An insurer may create, maintain, invest, disburse, and apply any special funds necessary to carry out any purpose permitted by the laws of this state and the articles and bylaws of the insurer.