Title 31A Chapter 15 Section 101

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Title 31A
Insurance Code
Chapter 15
Unauthorized Insurers, Surplus Lines, and Risk Retention Groups
Section 101
Purposes.

            

31A-15-101.   Purposes.

            It is the purpose of this chapter to:

            (1) prevent evasion by unauthorized insurers of the regulatory and tax laws of Utah and protect Utah and its residents against loss from that type of evasion;

            (2) subject unauthorized insurers and other persons doing an insurance business in Utah to the jurisdiction of the Utah commissioner and courts;

            (3) protect authorized insurers from unfair competition by unauthorized insurers; and

            (4) provide an orderly method, under reasonable and practical safeguards, for procuring insurance from unauthorized insurers.


Enacted by Chapter 242, 1985 General Session

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