| << Previous Section (31A-14-217) | Next Section (31A-15-102) >> |
Insurance Code | |
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 |
| << Previous Section (31A-14-217) | Next Section (31A-15-102) >> |