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2021 Utah Code
Title 31A - Insurance Code
Chapter 18 - Investments
Section 108 - Investment of excess surplus.
Universal Citation:
UT Code § 31A-18-108 (2021)
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31A-18-108. Investment of excess surplus.
Amended by Chapter 131, 1999 General Session
- (1) If an insurer has excess surplus, as defined under Section 31A-1-301, then to the extent of its excess surplus, the insurer may invest in a manner inconsistent with the limitations of Section 31A-18-106 or in other assets approved by the commissioner.
- (2) This section does not empower any insurer to make investments that are:
- (a) illegal; or
- (b) prohibited under Section 31A-4-107.
- (3) Each insurer has the burden of establishing the extent of its excess surplus.
Amended by Chapter 131, 1999 General Session
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