2006 Utah Code - 31A-14-101 — Purposes of chapter.

     31A-14-101.   Purposes of chapter.
     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