Utah Code Title 31A. Insurance Code § 31A-40-205. Financial capability

(a) have at least $100,000 in working capital as determined by generally accepted accounting principles; or

(b) provide to the commissioner one of the following in an amount equal to or greater than an amount calculated by subtracting the amount of working capital of the professional employer organization or professional employer organization group from $100,000:

(2)(a) Except as provided in Subsection (2)(c), the license of a professional employer organization or professional employer organization group terminates 180 days from the day on which the commissioner finds that the professional employer organization has less than $100,000 in working capital, unless the professional employer organization or professional employer organization group eliminates the deficiency within 180 days of the day on which the commissioner makes the finding.

(b) During the 180-day period described in Subsection (2)(a), the professional employer organization or professional employer organization group shall submit quarterly to the commissioner:

(c) The license of a professional employer organization or professional employer organization group terminates on the day on which the commissioner finds that the professional employer organization:

(a) be held as designated by the commissioner; and

(b) secure payment by the professional employer organization or the professional employer organization group of the following payments or other entitlements due to or with respect to a covered employee, if the professional employer organization or each member of the professional employer organization group does not make a payment when due:

(a) through an assurance organization in accordance with Section 31A-40-303; or

(b) under this chapter with a small operation license in accordance with Section 31A-40-304.