Utah State Legislature

            (1) Except as provided in Subsections (2) and (3) or otherwise provided in this chapter, a provision of this title other than this chapter does not apply to a captive insurance company.

            (2) To the extent that a provision of the following does not contradict this chapter, the provision applies to a captive insurance company that receives a certificate of authority under this chapter:

            (a) Chapter 2, Administration of the Insurance Laws;

            (b) Chapter 4, Insurers in General;

            (c) Chapter 5, Domestic Stock and Mutual Insurance Corporations;

            (d) Chapter 14, Foreign Insurers;

            (e) Chapter 16, Insurance Holding Companies;

            (f) Chapter 17, Determination of Financial Condition;

            (g) Chapter 18, Investments;

            (h) Chapter 19a, Utah Rate Regulation Act;

            (i) Chapter 27, Delinquency Administrative Action Provisions; and

            (j) Chapter 27a, Insurer Receivership Act.

            (3) In addition to this chapter, and subject to Section 31A-37a-103:

            (a) Chapter 37a, Special Purpose Financial Captive Insurance Company Act, applies to a special purpose financial captive insurance company; and

            (b) for purposes of a special purpose financial captive insurance company, a reference in this chapter to "this chapter" includes a reference to Chapter 37a, Special Purpose Financial Captive Insurance Company Act.

Amended by Chapter 284, 2011 General Session