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Insurance Code | |
Captive Insurance Companies Act | |
Section 103 | Chapter exclusivity. |
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31A-37-103. Chapter exclusivity. (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 |
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