Section R590-171-2 - Purpose and Scope(1) The purpose of this rule is to:(a) recognize the Surplus Line Association of Utah as the advisory organization of surplus lines producers;(b) authorize the Surplus Line Association of Utah to conduct the examination of surplus lines transactions;(c) authorize the Surplus Line Association of Utah to collect a stamping fee;(d) require that a surplus lines producer be a member of the advisory organization;(e) regulate access and exceptions to the surplus lines market; and(f) prescribe procedures for the placement of insurance with a surplus lines insurer.(2) This rule applies to a person placing insurance with a surplus lines insurer on a risk located in Utah.Utah Admin. Code R590-171-2
Amended by Utah State Bulletin Number 2024-03, effective 1/24/2024