Utah Statutes
§ 63E-1-304 — Limitations on risk management coverage.
Utah·Title 63E Independent Entities Code·Ch. 63E-1 Independent Entities Act·Part 63E-1-3 Creation of Independent Entities
(1)Except as specifically modified in its authorizing statute, an independent entity is not eligible to receive coverage under the Risk Management Fund created by Section 63A-4-201 or any captive insurance company created by the risk manager.
(2)If an independent entity that receives coverage under the Risk Management Fund or any captive insurance company created by the risk manager is involved in a commercial activity, the state risk manager may require that the entity:
(2)(a) procure commercial insurance coverage or provide proof of vendor's insurance coverage for the commercial activity; and
(2)(b) comply with loss prevention measures specified by the state risk manager.
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Legislative History
Amended by Chapter 33, 2021 General Session
Nearby Sections
15
§ 63E-1-101
Title.§ 63E-1-102
Definitions -- List of independent entities.§ 63E-1-103
Registration as a limited purpose entity.§ 63E-1-202
Duties of the committee.§ 63E-1-301
Definitions.§ 63E-1-303
Recommendations of the committee.§ 63E-1-304
Limitations on risk management coverage.§ 63E-1-401
Definitions.§ 63E-1-402
Benefits to interested parties of an independent entity -- Disposition of unused appropriations.§ 63E-1-403
Privatization process -- Audit.§ 63E-1-404
Penalties for violation.§ 63E-2-101
Title.§ 63E-2-102
Independent corporations.