§ 31A-14-101. Purposes of chapter.

Latest version.

This chapter's purposes are to:

(1) protect insureds, creditors, and the public by providing adequate standards and an orderly procedure for the authorization of foreign insurers;

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

(3) provide Utah policyholders dealing with foreign insurers with regulatory protection equivalent to that provided to Utah policyholders dealing with domestic insurers.

Enacted by Chapter 242, 1985 General Session

                    
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