2006 Utah Code - 31A-37-303 — Reinsurance.31A-37-303. Reinsurance.
(1) A captive insurance company may provide reinsurance, as authorized in this title, on risks ceded by any other insurer.
(2) (a) A captive insurance company may take credit for reserves on risks or portions of risks ceded to reinsurers if the captive insurance company complies with Section 31A-17-404.
(b) Unless the reinsurer is in compliance with Section 31A-17-404, a captive insurance company may not take credit for:
(i) reserves on risks ceded to a reinsurer; or
(ii) portions of risks ceded to a reinsurer.
Enacted by Chapter 251, 2003 General Session
Disclaimer: These codes may not be the most recent version. Utah may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.