Utah § 73-18c-306 Certificate of self-funded coverage as proof of owner's or operator's security.

Utah Statutes

§ 73-18c-306 — Certificate of self-funded coverage as proof of owner's or operator's security.

Utah·Title 73 Water and Irrigation·Ch. 73-18c Financial Responsibility of Motorboat Owners and Operators Act·Part 73-18c-3 Owner's or Operator's Security Requirement

(1)The division may, upon the application of any person, issue a certificate of self-funded coverage when it is satisfied that the person has:

(1)(a) more than 24 motorboats; and

(1)(b) on deposit, in a form approved by the division, cash or securities in an amount of $200,000 plus $100 for each motorboat up to and including 1,000 motorboats and $50 for each motorboat over 1,000 motorboats.

(2)Persons holding a certificate of self-funded coverage under this chapter shall pay benefits to persons injured from the self-funded person's operation, maintenance, and use of motorboats as would an insurer issuing a policy to the self-funded person containing the coverages under Sections 31A-22-1502 and 31A-22-1503.

(3)In accordance with Title 63G, Chapter 4, Administrative Procedures Act, the d

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(1) The division may, upon the application of any person, issue a certificate of self-funded coverage when it is satisfied that the person has:

(1)(a) more than 24 motorboats; and
(1)(b) on deposit, in a form approved by the division, cash or securities in an amount of $200,000 plus $100 for each motorboat up to and including 1,000 motorboats and $50 for each motorboat over 1,000 motorboats.
(2) Persons holding a certificate of self-funded coverage under this chapter shall pay benefits to persons injured from the self-funded person's operation, maintenance, and use of motorboats as would an insurer issuing a policy to the self-funded person containing the coverages under Sections 31A-22-1502 and 31A-22-1503.
(3) In accordance with Title 63G, Chapter 4, Administrative Procedures Act, the division may, upon reasonable grounds, cancel the certificate. Failure to pay any judgment up to the limit under Subsection 31A-22-1503(2) within 30 days after the judgment is final is a reasonable ground to cancel the certificate.
(4) Any government entity with self-funded coverage for government-owned motorboats under Title 63G, Chapter 7, Governmental Immunity Act of Utah, meets the requirements of this section.

Utah § 73-18c-306 (Certificate of self-funded coverage as proof of owner's or operator's security.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.