There Is a Newer Version
of
this Section
2021 Utah Code
Title 31A - Insurance Code
Chapter 16b - Corporate Governance Annual Disclosure Act
Section 105 - Contents of corporate governance annual disclosure.
Universal Citation:
UT Code § 31A-16b-105 (2021)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
Effective 1/1/2020
31A-16b-105. Contents of corporate governance annual disclosure.
Enacted by Chapter 193, 2019 General Session
31A-16b-105. Contents of corporate governance annual disclosure.
- (1)
- (a) A corporate governance annual disclosure shall include information sufficient to provide the commissioner a clear understanding of the insurer's or insurance group's corporate governance structure, policies, and practices.
- (b) An insurer or insurance group has discretion to determine the information the insurer or insurance group includes in a corporate governance annual disclosure, provided the information complies with Subsection (1)(a).
- (2) The commissioner may request additional information that the commissioner determines material and necessary to provide the commissioner with a clear understanding of the insurer's or insurance group's:
- (a) corporate governance policies;
- (b) reporting and information systems; or
- (c) controls implementing the items described in Subsection (2)(a) or (b).
- (3) An insurer or insurance group shall maintain and make available upon request of the commissioner:
- (a) documentation; and
- (b) supporting information.
Enacted by Chapter 193, 2019 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.
