§ 31A-15-101. Purposes.

Latest version.

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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