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Utah Code Ann. § 31A-16b-102 – Administration and scope. | Midpage
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Utah Code
Title 31A
Chapter 16b
§ 31A-16b-102
Utah Code Ann. § 31A-16b-102
Administration and scope.
Effective Jan 1, 2020
Enacted by Chapter 193, 2019 General Session
(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