Utah Statutes
§ 41-12a-406 — State treasurer's certificate as proof of owner's or operator's security.
Utah·Title 41 Motor Vehicles·Ch. 41-12a Financial Responsibility of Motor Vehicle Owners and Operators Act·Part 41-12a-4 Proof of Owner's or Operator's Security
(1)Proof of owner's or operator's security may be furnished by delivering to the department the certificate of the state treasurer certifying that the person named in it has deposited in trust with the state treasurer cash in an amount equal to twice the single limit under Subsection 31A-22-304(2) or securities with a fair market value of a similar amount, which securities are legal investments for insurers under Section 31A-18-105. The state treasurer may not accept a deposit and issue a certificate for it, unless the deposit is accompanied by evidence that there are no unsatisfied liens of any character on the assets deposited.
(2)The deposit shall be held by the state treasurer in trust to satisfy any execution on a judgment that would be paid under an insurance policy conforming to
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Utah § 41-12a-406 (State treasurer's certificate as proof of owner's or operator's security.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 242, 1985 General Session
Nearby Sections
15
§ 41-12a-101
Short title.§ 41-12a-102
References to former provisions.§ 41-12a-103
Definitions.§ 41-12a-104
Rules of construction.§ 41-12a-201
Administration of laws under Title 41, Chapter 12a -- Compliance with Administrative Procedures Act.§ 41-12a-202
Access to accident reports.§ 41-12a-303.2
Evidence of owner's or operator's security to be carried when operating motor vehicle -- Defense -- Penalties.§ 41-12a-304
No-fault tort immunity ineffective.§ 41-12a-305
Assigned risk plan.