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Utah Code Title 7. Financial Institutions Act § 7-1-901. Authorized insurance activities of depository institutions

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

(1) A depository institution authorized to do business in this state under this title may directly, or indirectly through a subsidiary or affiliate, engage in the following insurance activities:

(a) engage in the insurance business as defined under Section 31A-1-301 except as may be limited by federal law;

(b) act as an insurance producer or consultant as defined under Section 31A-1-301; or

(c) engage in insurance adjusting as defined in Section 31A-26-102.

(2) A depository institution, subsidiary, or affiliate, that engages in insurance activities authorized under Subsection (1) shall be subject to Title 31A, Insurance Code.

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Cite this article: FindLaw.com - Utah Code Title 7. Financial Institutions Act § 7-1-901. Authorized insurance activities of depository institutions - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-7-financial-institutions-act/ut-code-sect-7-1-901/

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