Utah Code 41-12a-407. Certificate of self-funded coverage as proof of owner’s or operator’s security

(1)

The department may, upon the application of any person, issue a certificate of self-funded coverage when it is satisfied that the person has:

Terms Used In Utah Code 41-12a-407

Department: means the Department of Public Safety. See Utah Code 41-12a-103
Judgment: means any judgment that is final by:

(a)	expiration without appeal of the time within which an appeal might have been perfected; or

(b)

final affirmation on appeal, rendered by a court of competent jurisdiction of any state or of the United States, upon a cause of action for damages:

(i)	arising out of the ownership, maintenance, or use of any motor vehicle, including damages for care and loss of services because of bodily injury to or death of any person, or because of injury to or destruction of property including the loss of use of the property; or

(ii)	on a settlement agreement. See Utah Code 41-12a-103 Motor vehicle: means every self-propelled vehicle that is designed for use upon a highway, including trailers and semitrailers designed for use with other motorized vehicles. See Utah Code 41-12a-103 Person: means :Utah Code 68-3-12.5
(a)	more than 24 motor vehicles; and

(b)	deposits, in a form approved by the department, securities in an amount of $200,000 plus $100 for each motor vehicle up to and including 1,000 motor vehicles and $50 for every motor vehicle over 1,000 motor vehicles.

(2)

Persons holding a certificate of self-funded coverage under this chapter shall pay benefits to persons injured from the self-funded person’s operation, maintenance, and use of motor vehicles as would an insurer issuing a policy to the self-funded person containing the coverages under Section 31A-22-302.

(3)

In accordance with Title 63G, Chapter 4, Administrative Procedures Act, the department may, upon reasonable grounds, cancel the certificate. Failure to pay any judgment up to the limit under Subsection 31A-22-304(2) within 30 days after the judgment is final is a reasonable ground to cancel the certificate.

(4)	Any government entity with self-funded coverage for government-owned motor vehicles under Title 63G, Chapter 7, Governmental Immunity Act of Utah, meets the requirements of this section.

Amended by Chapter 382, 2008 General Session

Previous section

Next section

Part 4 Contents