Utah § 31A-8-217 Material transactions by insurers which are part of holding company system.

Utah Statutes

§ 31A-8-217 — Material transactions by insurers which are part of holding company system.

Utah § 31A-8-217

Title 31AInsurance Code

Ch. 31A-8Health Maintenance Organizations and Limited Health Plans

Part 31A-8-2Domestic Organizations

This text of Utah § 31A-8-217 (Material transactions by insurers which are part of holding company system.) 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-8-217 (2026).

Text

(1)This section applies to an insurer licensed under this chapter that is part of a holding company system, for purposes of:

(1)(a) the reporting requirements of Section 31A-16-105; and

(1)(b) the material transaction standards of Section 31A-16-106.

(2)Unless otherwise provided by rule, a transaction is not material under Subsection 31A-16-105(4) if the transaction involves an amount:

(2)(a) of not more than:

(2)(a)(i) 10% for each transaction; or

(2)(a)(ii) 20% for cumulative transactions during any one calendar year; and

(2)(b) calculated:

(2)(b)(i) on the basis of the organization's surplus requirement, determined in accordance with Section 31A-5-211; and

(2)(b)(ii) as of December 31 of the year immediately preceding the transaction.

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(1) This section applies to an insurer licensed under this chapter that is part of a holding company system, for purposes of:

(1)(a) the reporting requirements of Section 31A-16-105; and
(1)(b) the material transaction standards of Section 31A-16-106.
(2) Unless otherwise provided by rule, a transaction is not material under Subsection 31A-16-105(4) if the transaction involves an amount:

(2)(a) of not more than:
(2)(a)(i) 10% for each transaction; or
(2)(a)(ii) 20% for cumulative transactions during any one calendar year; and
(2)(b) calculated:
(2)(b)(i) on the basis of the organization's surplus requirement, determined in accordance with Section 31A-5-211; and
(2)(b)(ii) as of December 31 of the year immediately preceding the transaction.