Section R590-157-2 - Purpose and Scope(1) The purpose of this rule is to prescribe: (a) the amount of the stamping fee;(b) the accounting and reporting forms and procedures to be used in calculating the surplus lines premium tax and the stamping fee; and(c) the entities authorized to examine a surplus lines transaction and collect and receive the surplus lines premium tax and the stamping fee.(2) This rule applies to: (a) a surplus lines insurer, a surplus lines producer, and a policyholder required to pay a premium tax and stamping fee;(b) the advisory organization authorized to examine surplus lines transactions; and(c) the commissioner's authorized agent responsible for:(i) collecting the stamping fee and premium tax; and(ii) remitting the premium tax to the commissioner.Utah Admin. Code R590-157-2
Amended by Utah State Bulletin Number 2022-07, effective 3/16/2022