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Section 101 - Scope and purpose of chapter.

UT Code § 31A-16-101 (2019) (N/A)
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(1) This chapter applies to all persons doing an insurance business in Utah.

(2) The purposes of this chapter include: (a) exercising surveillance over the acquisition of a domestic insurer, to ensure that in the process of making it part of an insurance holding company system, the interests of policyholders, shareholders, and the public are not harmed; (b) providing the regulatory monitoring of those intercorporate relationships and transactions among affiliates within an insurance holding company system that may affect the solidity of insurers; (c) controlling the payment of dividends that might affect the solidity of insurers; and (d) providing, in appropriate cases, recoupment of dividends paid.

(a) exercising surveillance over the acquisition of a domestic insurer, to ensure that in the process of making it part of an insurance holding company system, the interests of policyholders, shareholders, and the public are not harmed;

(b) providing the regulatory monitoring of those intercorporate relationships and transactions among affiliates within an insurance holding company system that may affect the solidity of insurers;

(c) controlling the payment of dividends that might affect the solidity of insurers; and

(d) providing, in appropriate cases, recoupment of dividends paid.

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Section 102.5 - Subsidiaries of insurers.