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Utah Code Title 31A. Insurance Code § 31A-37a-202. Revocation, suspension, amendment, or modification of a certificate of authority

Current as of May 05, 2022 | Updated by FindLaw Staff

Except as provided in Sections 31A-37a-501 and 31A-37a-502, the commissioner may not revoke, suspend, amend, or modify a certificate of authority issued to a special purpose financial captive insurance company under this chapter or an order issued under Subsection 31A-37a-201(4) unless:

(1) the special purpose financial captive insurance company consents to the revocation, suspension, amendment, or modification;  or

(2) the commissioner shows by clear and convincing evidence that the revocation, suspension, amendment, or modification is necessary to avoid irreparable harm to:

(a) a special purpose financial captive insurance company;  or

(b) a ceding insurer.

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Cite this article: FindLaw.com - Utah Code Title 31A. Insurance Code § 31A-37a-202. Revocation, suspension, amendment, or modification of a certificate of authority - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-31a-insurance-code/ut-code-sect-31a-37a-202/

Read this complete Utah Code Title 31A. Insurance Code § 31A-37a-202. Revocation, suspension, amendment, or modification of a certificate of authority on Westlaw

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