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Code · Utah · Title 31A — Insurance Code · Chapter 16B

31A-16b-102. Administration and scope.

92 words·~1 min read·/ut/title-31a/chapter-16b/31a-16b-102

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Effective 1/1/2020
31A-16b-102. Administration and scope.
(1)The commissioner is solely responsible for the administration and enforcement of the provisions of this chapter.
(2)This chapter does not:
(a)prescribe or impose corporate governance standards or internal procedures beyond what is required under applicable state corporate law; or
(b)limit the commissioner's authority, or the rights or obligations of third parties, under Chapter 2, Administration of the Insurance Laws .
(3)The requirements of this chapter apply to each insurer domiciled in the state.
Enacted by Chapter 193 , 2019 General Session
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