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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) This chapter applies to all persons doing an insurance business in Utah.
(2) The purposes of this chapter include:
(a) exercising surveillance over the acquisition of a domestic insurer, to ensure that in the process of making it part of an insurance holding company system, the interests of policyholders, shareholders, and the public are not harmed;
(b) providing the regulatory monitoring of those intercorporate relationships and transactions among affiliates within an insurance holding company system that may affect the solidity of insurers;
(c) controlling the payment of dividends that might affect the solidity of insurers; and
(d) providing, in appropriate cases, recoupment of dividends paid.
Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-16-101. Scope and purpose of chapter - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-16-101/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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