31A-14-101 - Purposes of chapter. - Utah Statutes

31A-14-101. Purposes of chapter.
This chapter's purposes are to:
(1) protect insureds, creditors, and the public by providing adequate standards and anorderly procedure for the authorization of foreign insurers;
(2) subject foreign insurers doing an insurance business in Utah to the jurisdiction of theUtah commissioner and courts; and
(3) provide Utah policyholders dealing with foreign insurers with regulatory protectionequivalent to that provided to Utah policyholders dealing with domestic insurers.

Enacted by Chapter 242, 1985 General Session