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Utah Code Title 31A. Insurance Code § 31A-27a-507. Receiver as lien creditor

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

(1) The receiver may avoid a transfer of or lien on the property of, or obligation incurred by, an insurer that the insurer or a policyholder, creditor, member, or stockholder of the insurer:

(a) may have avoided without regard to any knowledge of:

(i) the receiver;

(ii) the commissioner;

(iii) the insurer; or

(iv) a policyholder, creditor, member, or stockholder of the insurer; and

(b) whether or not a policyholder, creditor, member, or stockholder described in this Subsection (1) exists.

(2) The receiver is considered a creditor without knowledge for purposes of pursuing claims under:

(a) Title 25, Chapter 6, Uniform Voidable Transactions Act; or

(b) similar provisions of state or federal law.

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Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-27a-507. Receiver as lien creditor - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-27a-507/

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