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Utah Code Title 31A. Insurance Code § 31A-22-1204. Approval required for bulk insurance

Current as of January 01, 2025 | Updated by Findlaw Staff

Reinsurance credit is not allowed to a domestic insurer for reinsurance ceded when such reinsurance constitutes all or substantially all of the insurance in force of the domestic insurer, unless the agreement purporting to transfer the reinsurance is in writing and:

(1) approved by the commissioner prior to execution of the agreement; or

(2) provides that the agreement is subject to the approval of the commissioner.

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Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-22-1204. Approval required for bulk insurance - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-22-1204/

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