Utah Code Title 7. Financial Institutions Act § 7-25-401. Examinations

(1)(a) The commissioner may conduct periodic on-site examinations of a licensee. The commissioner may examine a licensee's authorized or apparent agents. At the commissioner's discretion, written notice of the examination may be provided to the licensee or an authorized or apparent agent.

(b) In conducting an examination, the commissioner or the commissioner's staff:

(c) In accordance with Section 7-1-401, the licensee shall pay the reasonable costs of an examination under this section.

(d) An on-site examination may be conducted in conjunction with examinations to be performed by representatives of agencies of another state or states.

(e) The commissioner, in lieu of an on-site examination, may accept the examination report of an agency of another state, or a report prepared by an independent accounting firm, and a report so accepted is considered for all purposes as an official report of the commissioner.