Utah Code 31A-28-115. Examination of the association

(1)	The association shall be subject to examination and regulation by the commissioner.

Association: means the Utah Life and Health Insurance Guaranty Association continued under Section 31A-28-106. See Utah Code 31A-28-105
Board of directors: means the board of directors established under Section 31A-28-107. See Utah Code 31A-28-105
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Form: means one of the following prepared for general use:

(i)

a policy;

(ii)	a certificate;

(iii)

an application;

(iv)	an outline of coverage; or

(v)

an endorsement. See Utah Code 31A-1-301

Member: means a person having membership rights in an insurance corporation. See Utah Code 31A-1-301

Member insurer: includes an insurer whose license or certificate of authority in this state may have been:

(i)	suspended;

(ii)

revoked;

(iii)

not renewed; or

(iv)

voluntarily withdrawn. See Utah Code 31A-28-105

(2)

The board of directors shall submit to the commissioner each year, not later than 120 days after the association’s fiscal year:

(a)	a financial report in a form approved by the commissioner; and

(b)	a report of its activities during the preceding fiscal year.

(3)	At the request of a member insurer, the association shall provide the member insurer with a copy of a report submitted under Subsection (2).

Amended by Chapter 161, 2001 General Session

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