Utah Statutes
§ 7-1-901 — Authorized insurance activities of depository institutions.
Utah·Title 7 Financial Institutions Act·Ch. 7-1 General Provisions·Part 7-1-9 Depository Institution Insurance Powers
(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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Legislative History
Amended by Chapter 298, 2003 General Session
Nearby Sections
15
§ 7-1-1001
Definitions -- Written consent or court order for disclosure by financial institution -- Exception.§ 7-1-1005
Admissibility of information restricted.§ 7-1-1007
Liability of financial institutions.§ 7-1-101
Title.§ 7-1-103
Definitions.§ 7-1-103.5
Control.