Section R590-157-5 - Authorized Agency(1) The commissioner authorizes the Surplus Line Association to act as the commissioner's agent for:(a) collecting and remitting the premium tax imposed under Section 31A-3-301 on an insurance transaction subject to Sections 31A-15-103, 31A-15-104, and 31A-15-106;(b) examining surplus lines transactions under Section 31A-15-111;(c) collecting the stamping fee authorized under Subsection 31A-15-103(11); and(d) prescribing the forms and procedures that surplus lines producers may use.(2) The Surplus Line Association shall remit all premium taxes it collects according to Section R590-157-6.Utah Admin. Code R590-157-5
Amended by Utah State Bulletin Number 2022-07, effective 3/16/2022