31A-20-102 - Joint underwriting. - Utah Statutes

31A-20-102. Joint underwriting.
(1) Every group, association, or other organization of insurers that engages in jointunderwriting or joint reinsurance shall file with the commissioner:
(a) a copy of its constitution, articles of incorporation, or agreement of association, andits bylaws or rules governing its activities, all certified by the custodian of the originals;
(b) a list of its members; and
(c) the name and address of its resident process agent.
(2) Every group, association, or other organization shall promptly notify thecommissioner of every change in its constitution, articles of incorporation, agreement ofassociation, bylaws, rules, its list of members, and its resident process agent.
(3) If all members of a group of insurers under this section are authorized to do businessin Utah, the business done by the group shall be allocated for regulatory purposes to individualmembers of the group. The group itself is subject only to Chapters 1, 2, 4, 20, 21, 22, 23, and26. If any member of the group is not authorized to do business in Utah, the group shall obtainauthorization to do business under Chapter 14 and is subject to regulation under that chapter.

Enacted by Chapter 242, 1985 General Session