Utah Code Title 31A. Insurance Code § 31A-16-108.5. Supervisory colleges

(a) initiating the establishment of a supervisory college;

(b) clarifying the membership and participation of other supervisors in the supervisory college;

(c) clarifying the functions of the supervisory college and the role of other regulators, including the establishment of a group-wide supervisor;

(d) coordinating the ongoing activities of the supervisory college, including:

(e) establishing a crisis management plan.

(2)(a) A registered insurer subject to this section is liable for and shall pay the reasonable expenses of the commissioner's participation in a supervisory college in accordance with Subsection (3), including reasonable travel expenses.

(b) For purposes of this section, a supervisory college may be convened as either a temporary or permanent forum for communication and cooperation between the regulators charged with supervision of the insurer or its affiliates and the commissioner may establish a regular assessment to the insurer for the payment of these expenses.

(3)(a) The commissioner may participate in a supervisory college with other regulators charged with supervision of the insurer or its affiliates, including:

(b) The commissioner may enter into agreements in accordance with Section 31A-16-109 providing the basis for cooperation between the commissioner and other regulatory agencies, and the activities of the supervisory college, in order to assess:

(c) Nothing in this section shall delegate to the supervisory college the authority of the commissioner to regulate or supervise the insurer or its affiliates within its jurisdiction.