(1) 

Terms Used In Utah Code 31A-4-113

  • Alien insurer: means an insurer domiciled outside the United States. See Utah Code 31A-1-301
  • authorized insurer: means an insurer:
(i) holding a valid certificate of authority to do an insurance business in this state; and
(ii) transacting business as authorized by a valid certificate. See Utah Code 31A-1-301
  • Filing: when used as a noun, means an item required to be filed with the department including:
    (a) a policy;
    (b) a rate;
    (c) a form;
    (d) a document;
    (e) a plan;
    (f) a manual;
    (g) an application;
    (h) a report;
    (i) a certificate;
    (j) an endorsement;
    (k) an actuarial certification;
    (l) a licensee annual statement;
    (m) a licensee renewal application;
    (n) an advertisement;
    (o) a binder; or
    (p) an outline of coverage. 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
  • United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
  • (a)  Each authorized insurer shall annually, on or before March 1, file with the commissioner a true statement of the authorized insurer’s financial condition, transactions, and affairs as of December 31 of the preceding year.

    (b)  The statement required by Subsection (1)(a) shall be:

    (i)  verified by the oaths of at least two of the insurer’s principal officers; and

    (ii)  in the general form and provide the information as prescribed by the commissioner by rule.

    (c)  The commissioner may, for good cause shown, extend the date for filing the statement required by Subsection (1)(a).
  • (2)  The annual statement of an alien insurer shall:

    (a)  relate only to the alien insurer’s transactions and affairs in the United States unless the commissioner requires otherwise; and

    (b)  be verified by:

    (i)  the insurer’s United States manager; or

    (ii)  the insurer’s authorized officers.

    Amended by Chapter 2, 2004 General Session