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

Terms Used In Utah Code 31A-28-214

  • board of directors: means the group of persons with responsibility over, or management of, a corporation, however designated. See Utah Code 31A-1-301
  • 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
(2)  The board of directors shall submit, to the commission by no later than April 30 of each year:

(a)  a financial report for the preceding calendar year in a form approved by the commissioner; and

(b)  a report of the association’s activities during the preceding calendar year.

Amended by Chapter 363, 2001 General Session