Utah Code Ann. § 31A-21-314 – Prohibited provisions. | Midpage
§ 31A-21-314
Utah Code Ann. § 31A-21-314
Prohibited provisions.
Effective May 12, 2015
Viewing an earlier version · effective May 12, 2015View current
(1) An insurance policy subject to this chapter may not contain any provision:
(a) requiring it to be construed according to the laws of another jurisdiction except as necessary to meet the requirements of compulsory insurance laws of other jurisdictions;
(b) depriving Utah courts of jurisdiction over an action against the insurer, except as provided in permissible arbitration provisions; or
(c) limiting the right of action against the insurer to less than three years from the date the cause of action accrues.
(2) For purposes of Subsection (1)(c), the cause of action accrues on a fidelity bond on the date the insurer first denies all or part of a claim made under the fidelity bond.