31A-15-101. Purposes.
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31A-15-101. Purposes.
It is the purpose of this chapter to:
(1)prevent evasion by unauthorized insurers of the regulatory and tax laws of Utah and protect Utah and its residents against loss from that type of evasion;
(2)subject unauthorized insurers and other persons doing an insurance business in Utah to the jurisdiction of the Utah commissioner and courts;
(3)protect authorized insurers from unfair competition by unauthorized insurers; and
(4)provide an orderly method, under reasonable and practical safeguards, for procuring insurance from unauthorized insurers.
Enacted by Chapter 242 , 1985 General Session