There Is a Newer Version of the Utah Code
2011 Utah Code
Title 31A Insurance Code
Chapter 37a Special Purpose Financial Captive Insurance Company Act
Section 302 Minimum capital and surplus.
31A-37a-302. Minimum capital and surplus.(1) The commissioner may not issue a special purpose financial captive insurance company a certificate of authority under this chapter unless it possesses unimpaired paid-in capital and surplus of not less than $250,000 on the day on which the certificate of authority is issued.
(2) A special purpose financial captive insurance company shall maintain unimpaired paid-in capital and surplus of not less than $250,000 at all times when having a certificate of authority under this chapter.
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