31A-37-103. Chapter exclusivity.
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Effective 5/6/2026
31A-37-103. Chapter exclusivity.
(1)Except as provided in Subsections
(2)and
(3)or otherwise provided in this chapter, a provision of this title other than this chapter does not apply to a captive insurance company.
(2)To the extent that a provision of the following does not contradict this chapter, the provision applies to a captive insurance company that receives a certificate of authority under this chapter:
(a)Chapter 1, General Provisions ;
(b)Chapter 2, Administration of the Insurance Laws ;
(c)Chapter 4, Insurers in General ;
(d)Chapter 5, Domestic Stock and Mutual Insurance Corporations ;
(e)Chapter 14, Foreign Insurers ;
(f)Chapter 16, Insurance Holding Companies ;
(g)Chapter 17, Determination of Financial Condition ;
(h)Chapter 18, Investments ;
(i)Chapter 19a, Utah Rate Regulation Act ;
(j)Chapter 27, Administrative Supervision of Insurers; and
(k)Chapter 27a, Insurer Receivership Act .
(3)In addition to this chapter, and subject to Section 31A-37a-103 :
(a)Chapter 37a, Special Purpose Financial Captive Insurance Company Act , applies to a special purpose financial captive insurance company; and
(b)for purposes of a special purpose financial captive insurance company, a reference in this chapter to "this chapter" includes a reference to Chapter 37a, Special Purpose Financial Captive Insurance Company Act .
(4)In addition to this chapter, a risk retention group is subject to Chapter 15, Part 2, Risk Retention Groups Act , to the extent that this chapter is silent regarding regulation of risk retention groups conducting business in the state.
Amended by Chapter 45 , 2026 General Session