2006 Utah Code - 31A-15-101 — 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