This chapter's purposes are to:

1. (1) protect insureds, creditors, and the public by providing adequate standards and an orderly procedure for the authorization of foreign insurers;
2. (2) subject foreign insurers doing an insurance business in Utah to the jurisdiction of the Utah commissioner and courts; and
3. (3) provide Utah policyholders dealing with foreign insurers with regulatory protection equivalent to that provided to Utah policyholders dealing with domestic insurers.

Enacted by Chapter 242, 1985 General Session