Utah § 7-1-901 Authorized insurance activities of depository institutions.

Utah Statutes

§ 7-1-901 — Authorized insurance activities of depository institutions.

Utah § 7-1-901

Title 7Financial Institutions Act

Ch. 7-1General Provisions

Part 7-1-9Depository Institution Insurance Powers

This text of Utah § 7-1-901 (Authorized insurance activities of depository institutions.) 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. § 7-1-901 (2026).

Text

(1)A depository institution authorized to do business in this state under this title may directly, or indirectly through a subsidiary or affiliate, engage in the following insurance activities:

(1)(a) engage in the insurance business as defined under Section 31A-1-301 except as may be limited by federal law;

(1)(b) act as an insurance producer or consultant as defined under Section 31A-1-301; or

(1)(c) engage in insurance adjusting as defined in Section 31A-26-102.

(2)A depository institution, subsidiary, or affiliate, that engages in insurance activities authorized under Subsection (1) shall be subject to Title 31A, Insurance Code.

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(1) A depository institution authorized to do business in this state under this title may directly, or indirectly through a subsidiary or affiliate, engage in the following insurance activities:

(1)(a) engage in the insurance business as defined under Section 31A-1-301 except as may be limited by federal law;
(1)(b) act as an insurance producer or consultant as defined under Section 31A-1-301; or
(1)(c) engage in insurance adjusting as defined in Section 31A-26-102.
(2) A depository institution, subsidiary, or affiliate, that engages in insurance activities authorized under Subsection (1) shall be subject to Title 31A, Insurance Code.