(1)  The state‘s insurer receivership laws consists of:

Terms Used In Utah Code 31A-27a-103

  • insurer: means a person who:
(a) is doing, has done, purports to do, or is licensed to do the business of insurance;
(b) is or has been subject to the authority of, or to rehabilitation, liquidation, reorganization, supervision, or conservation by an insurance commissioner; or
(c) is included under Section 31A-27a-104. See Utah Code 31A-27a-102
  • receivership: means a rehabilitation, liquidation, or ancillary receivership. See Utah Code 31A-27a-102
  • State: means a state, district, or territory of the United States. See Utah Code 31A-27a-102
    • (a)  this chapter; and

    (b)  Chapter 28, Guaranty Associations.

    (2)  The laws listed in Subsection (1) shall be construed together in a manner that is consistent.

    Enacted by Chapter 309, 2007 General Session

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