31A-4-101. Solicitation permit.
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31A-4-101. Solicitation permit.
(1)No person may advertise for or solicit or receive any funds, subscriptions for securities, or membership fees, dues, or contributions in Utah or from any person present in Utah for the purpose of forming or financing the formation or enlargement of an insurer, holding company to form or acquire one or more insurers, or any corporation or unincorporated association to do or facilitate the doing of an insurance business in Utah or elsewhere, unless the person has obtained the appropriate organization or solicitation permit under Chapter 5, Domestic Stock and Mutual Insurance Corporations , Chapter 6a, Service Contracts , Chapter 7, Nonprofit Health Service Insurance Corporations , Chapter 8, Health Maintenance Organizations and Limited Health Plans , or Chapter 9, Insurance Fraternals , and filed any required statement under Chapter 16, Insurance Holding Companies .
(2)Any person obtaining the appropriate organization or solicitation permit under this code is exempt from compliance with Title 61, Securities Division - Real Estate Division .
Amended by Chapter 340 , 2011 General Session