31A-4-113. Annual and quarterly statements.

238 words·~1 min read·/ut/title-31a/chapter-4/31a-4-113·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/6/2026

(a)Each authorized insurer shall annually, on or before March 1, file with the commissioner and the NAIC a true statement of the authorized insurer's financial condition, transactions, and affairs as of December 31 of the preceding year.

(b)The statement required by Subsection (1)(a) shall be:

(i)verified by the oaths of at least two of the insurer's principal officers; and

(ii)in the general form and provide the information as prescribed by the commissioner by rule.

(a)Each authorized insurer shall file with the commissioner and the NAIC a true statement of the insurer's financial condition, transactions, and affairs within 45 days after the close of the first, second, and third quarters of a calendar year.

(b)A statement required by this Subsection

(2)shall be:

(i)verified by the oath of at least two of the insurer's principal officers; and

(ii)in the general form and provide the information the commissioner requires by rule.

(3)The annual statement of an alien insurer shall:

(a)relate only to the alien insurer's transactions and affairs in the United States unless the commissioner requires otherwise; and

(b)be verified by:

(i)the insurer's United States manager; or

(ii)the insurer's authorized officers.

(4)The commissioner may, for good cause shown, extend the date for filing a statement required by this section.

Amended by Chapter 45 , 2026 General Session